Ellington Residential Mortgage REIT (EARN) Stake Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in Ellington Residential Mortgage REIT (NYSE:EARN) by 63.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,417 shares of the real estate investment trust’s stock after purchasing an additional 10,990 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ellington Residential Mortgage REIT were worth $313,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Blackstone Group L.P. boosted its position in shares of Ellington Residential Mortgage REIT by 3.2% in the 1st quarter. Blackstone Group L.P. now owns 2,774,523 shares of the real estate investment trust’s stock worth $30,409,000 after purchasing an additional 84,821 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Ellington Residential Mortgage REIT by 43.0% in the 2nd quarter. Acadian Asset Management LLC now owns 412,505 shares of the real estate investment trust’s stock worth $4,497,000 after purchasing an additional 124,033 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in Ellington Residential Mortgage REIT during the 1st quarter worth about $1,687,000. Northern Trust Corp lifted its position in Ellington Residential Mortgage REIT by 5.0% during the 1st quarter. Northern Trust Corp now owns 111,989 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 5,379 shares during the period. Finally, LPL Financial LLC lifted its position in Ellington Residential Mortgage REIT by 56.6% during the 1st quarter. LPL Financial LLC now owns 54,897 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 19,832 shares during the period. 63.51% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on EARN. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. TheStreet raised Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th. Finally, ValuEngine raised Ellington Residential Mortgage REIT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th.

Shares of EARN opened at $10.90 on Tuesday. Ellington Residential Mortgage REIT has a one year low of $10.23 and a one year high of $14.65. The stock has a market cap of $143.27 million, a price-to-earnings ratio of 6.06 and a beta of 0.49.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. Ellington Residential Mortgage REIT had a return on equity of 9.27% and a net margin of 14.42%. The company had revenue of $6.41 million during the quarter. Equities analysts forecast that Ellington Residential Mortgage REIT will post 1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Friday, September 28th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.48 dividend on an annualized basis and a yield of 13.58%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 82.22%.

In other news, major shareholder Holdings L.P. Blackstone III purchased 10,690 shares of the stock in a transaction on Friday, August 10th. The stock was bought at an average price of $11.21 per share, with a total value of $119,834.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 91,996 shares of company stock valued at $1,041,996. 2.00% of the stock is currently owned by insiders.

Ellington Residential Mortgage REIT Profile

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.

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

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