Fmr LLC Has $3,812,000 Stake in Ellington Residential Mortgage REIT (EARN)

Fmr LLC continued to hold its stake in shares of Ellington Residential Mortgage REIT (NYSE:EARN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,000 shares of the real estate investment trust’s stock at the end of the second quarter. Fmr LLC owned 2.10% of Ellington Residential Mortgage REIT worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EARN. JPMorgan Chase & Co. increased its position in Ellington Residential Mortgage REIT by 4,144.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 319,958 shares of the real estate investment trust’s stock worth $4,690,000 after purchasing an additional 312,419 shares during the last quarter. Acadian Asset Management LLC increased its position in Ellington Residential Mortgage REIT by 60.2% in the 2nd quarter. Acadian Asset Management LLC now owns 469,608 shares of the real estate investment trust’s stock worth $6,886,000 after purchasing an additional 176,489 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Ellington Residential Mortgage REIT by 101.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 271,829 shares of the real estate investment trust’s stock worth $3,986,000 after acquiring an additional 136,813 shares in the last quarter. Ativo Capital Management LLC bought a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth about $1,202,000. Finally, Northern Trust Corp boosted its stake in shares of Ellington Residential Mortgage REIT by 228.0% during the 2nd quarter. Northern Trust Corp now owns 102,307 shares of the real estate investment trust’s stock worth $1,500,000 after acquiring an additional 71,113 shares in the last quarter. 66.31% of the stock is currently owned by institutional investors.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) opened at $13.03 on Monday. The stock has a market capitalization of $173.76, a PE ratio of 6.86 and a beta of 0.61. Ellington Residential Mortgage REIT has a 52 week low of $12.29 and a 52 week high of $15.74.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $7.15 million for the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.84% and a net margin of 40.44%. equities analysts expect that Ellington Residential Mortgage REIT will post 1.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.60 annualized dividend and a dividend yield of 12.28%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 149.53%.

Several research firms have recently issued reports on EARN. BidaskClub downgraded Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday. Deutsche Bank AG decreased their price target on Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, August 3rd.

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Ellington Residential Mortgage REIT 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.

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

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