Ellington Residential Mortgage REIT (NYSE:EARN – Get Free Report)‘s stock had its “market perform” rating reaffirmed by stock analysts at JMP Securities in a research report issued on Thursday, Benzinga reports.
Separately, StockNews.com raised shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Thursday, March 7th.
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Ellington Residential Mortgage REIT Stock Down 0.2 %
EARN stock opened at $6.72 on Thursday. The stock has a 50-day simple moving average of $6.40 and a two-hundred day simple moving average of $6.10. Ellington Residential Mortgage REIT has a twelve month low of $5.09 and a twelve month high of $7.64. The firm has a market capitalization of $133.09 million, a PE ratio of 25.83 and a beta of 1.87.
Institutional Trading of Ellington Residential Mortgage REIT
Several institutional investors and hedge funds have recently modified their holdings of EARN. Renaissance Technologies LLC increased its position in shares of Ellington Residential Mortgage REIT by 0.3% in the first quarter. Renaissance Technologies LLC now owns 434,600 shares of the real estate investment trust’s stock worth $3,173,000 after purchasing an additional 1,500 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Ellington Residential Mortgage REIT by 6.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,401 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 1,965 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ellington Residential Mortgage REIT by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 49,330 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 2,809 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Ellington Residential Mortgage REIT by 4.1% during the 3rd quarter. Two Sigma Advisers LP now owns 83,400 shares of the real estate investment trust’s stock worth $515,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Northern Trust Corp grew its position in Ellington Residential Mortgage REIT by 10.0% in the second quarter. Northern Trust Corp now owns 37,448 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 3,412 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.
Ellington Residential Mortgage REIT Company Profile
Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages 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, such as non-agency CMOs, such as investment grade and non-investment grade.
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