Russell Investments Group Ltd. boosted its holdings in Ellington Residential Mortgage REIT (NYSE:EARN) by 1,455.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,962 shares of the real estate investment trust’s stock after acquiring an additional 49,557 shares during the quarter. Russell Investments Group Ltd. owned 0.58% of Ellington Residential Mortgage REIT worth $777,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Ellington Residential Mortgage REIT by 639.1% during the 1st quarter. JPMorgan Chase & Co. now owns 7,539 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 6,519 shares during the period. BB&T Securities LLC lifted its holdings in shares of Ellington Residential Mortgage REIT by 1.6% during the 1st quarter. BB&T Securities LLC now owns 10,235 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 160 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Ellington Residential Mortgage REIT by 894.5% during the 1st quarter. Wells Fargo & Company MN now owns 12,938 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 11,637 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Ellington Residential Mortgage REIT during the 1st quarter valued at $199,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Ellington Residential Mortgage REIT during the 1st quarter valued at $243,000. 62.11% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently weighed in on EARN shares. Zacks Investment Research cut Ellington Residential Mortgage REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Deutsche Bank AG lowered their price target on Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd.

Ellington Residential Mortgage REIT (NYSE EARN) traded down 0.35% during trading on Friday, hitting $14.43. The stock had a trading volume of 199,484 shares. The stock has a market cap of $190.55 million, a price-to-earnings ratio of 11.19 and a beta of 0.64. The firm has a 50 day moving average of $14.54 and a 200-day moving average of $14.68. Ellington Residential Mortgage REIT has a 12 month low of $12.21 and a 12 month high of $15.74.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $6.86 million for the quarter. Ellington Residential Mortgage REIT had a net margin of 44.93% and a return on equity of 12.25%. Equities analysts predict that Ellington Residential Mortgage REIT will post $1.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date of this dividend is Thursday, September 28th. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 121.21%.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.

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Institutional Ownership by Quarter for Ellington Residential Mortgage REIT (NYSE:EARN)

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