Ativo Capital Management LLC Invests $1.20 Million in Ellington Residential Mortgage REIT (EARN)

Ativo Capital Management LLC purchased a new position in Ellington Residential Mortgage REIT (NYSE:EARN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 82,019 shares of the real estate investment trust’s stock, valued at approximately $1,202,000. Ativo Capital Management LLC owned about 0.66% of Ellington Residential Mortgage REIT as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Ellington Residential Mortgage REIT by 0.6% in the first quarter. Renaissance Technologies LLC now owns 651,600 shares of the real estate investment trust’s stock valued at $9,552,000 after purchasing an additional 4,074 shares during the period. Acadian Asset Management LLC grew its position in shares of Ellington Residential Mortgage REIT by 60.2% in the second quarter. Acadian Asset Management LLC now owns 469,608 shares of the real estate investment trust’s stock valued at $6,886,000 after purchasing an additional 176,489 shares during the period. Vanguard Group Inc. grew its position in shares of Ellington Residential Mortgage REIT by 5.1% in the first quarter. Vanguard Group Inc. now owns 436,995 shares of the real estate investment trust’s stock valued at $6,407,000 after purchasing an additional 21,208 shares during the period. JPMorgan Chase & Co. grew its position in shares of Ellington Residential Mortgage REIT by 4,144.0% in the second quarter. JPMorgan Chase & Co. now owns 319,958 shares of the real estate investment trust’s stock valued at $4,690,000 after purchasing an additional 312,419 shares during the period. Finally, ClariVest Asset Management LLC grew its position in shares of Ellington Residential Mortgage REIT by 101.3% in the second quarter. ClariVest Asset Management LLC now owns 271,829 shares of the real estate investment trust’s stock valued at $3,986,000 after purchasing an additional 136,813 shares during the period. 62.11% of the stock is owned by institutional investors.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The company had revenue of $6.86 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.25% and a net margin of 44.93%.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.91%. Ellington Residential Mortgage REIT’s payout ratio is currently 121.21%.

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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, September 8th. Deutsche Bank AG lowered their price objective on Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd.

About Ellington Residential Mortgage REIT

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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