The Manufacturers Life Insurance Company Purchases New Holdings in Ellington Residential Mortgage REIT (EARN)

The Manufacturers Life Insurance Company bought a new stake in Ellington Residential Mortgage REIT (NYSE:EARN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,189 shares of the real estate investment trust’s stock, valued at approximately $237,000. The Manufacturers Life Insurance Company owned 0.12% of Ellington Residential Mortgage REIT at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EARN. California Public Employees Retirement System lifted its stake in Ellington Residential Mortgage REIT by 5.8% in the first quarter. California Public Employees Retirement System now owns 40,100 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 2,200 shares during the period. Vanguard Group Inc. raised its position in shares of Ellington Residential Mortgage REIT by 5.1% during the first quarter. Vanguard Group Inc. now owns 436,995 shares of the real estate investment trust’s stock worth $6,407,000 after purchasing an additional 21,208 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ellington Residential Mortgage REIT by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 33,460 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 7,031 shares during the period. Russell Investments Group Ltd. raised its position in shares of Ellington Residential Mortgage REIT by 1,455.4% during the second quarter. Russell Investments Group Ltd. now owns 52,962 shares of the real estate investment trust’s stock worth $777,000 after purchasing an additional 49,557 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Ellington Residential Mortgage REIT during the second quarter worth about $119,000. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on EARN. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.

Ellington Residential Mortgage REIT (EARN) traded up $0.06 during midday trading on Friday, hitting $12.83. The stock had a trading volume of 60,377 shares, compared to its average volume of 79,486. The firm has a market capitalization of $170.30, a price-to-earnings ratio of 6.72 and a beta of 0.59. Ellington Residential Mortgage REIT has a 52 week low of $12.50 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). Ellington Residential Mortgage REIT had a return on equity of 12.02% and a net margin of 40.44%. The business had revenue of $7.15 million for the quarter. sell-side analysts expect that Ellington Residential Mortgage REIT will post 1.86 EPS for the current fiscal year.

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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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