A number of other brokerages have also weighed in on EARN. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a sell rating to a hold rating in a research note on Wednesday, September 26th. ValuEngine upgraded Ellington Residential Mortgage REIT from a strong sell rating to a sell rating in a research note on Wednesday, August 15th.
Shares of NYSE EARN opened at $11.34 on Wednesday. Ellington Residential Mortgage REIT has a fifty-two week low of $10.23 and a fifty-two week high of $13.08. The company has a market cap of $143.00 million, a price-to-earnings ratio of 7.99 and a beta of 0.55.
In other Ellington Residential Mortgage REIT news, major shareholder Holdings L.P. Blackstone III acquired 7,000 shares of the stock in a transaction on Tuesday, November 13th. The stock was purchased at an average price of $10.79 per share, for a total transaction of $75,530.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 104,428 shares of company stock valued at $1,136,957. 2.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EARN. Bank of America Corp DE grew its stake in Ellington Residential Mortgage REIT by 1,393.3% during the 2nd quarter. Bank of America Corp DE now owns 10,035 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 9,363 shares in the last quarter. First Trust Advisors LP acquired a new stake in Ellington Residential Mortgage REIT during the 2nd quarter valued at approximately $121,000. Wedbush Securities Inc. bought a new position in Ellington Residential Mortgage REIT during the 3rd quarter worth approximately $134,000. Assetmark Inc. lifted its holdings in Ellington Residential Mortgage REIT by 58.2% during the 2nd quarter. Assetmark Inc. now owns 14,274 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 5,251 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 63.87% of the company’s stock.
Ellington Residential Mortgage REIT Company 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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