Ellington Residential Mortgage REIT (NYSE:EARN - Get Free Report)'s stock had its "market perform" rating reaffirmed by analysts at JMP Securities in a research note issued on Thursday, Benzinga reports.
Separately, StockNews.com upgraded Ellington Residential Mortgage REIT from a "sell" rating to a "hold" rating in a research note on Thursday, March 7th.
View Our Latest Stock Analysis on Ellington Residential Mortgage REIT
Ellington Residential Mortgage REIT Trading Up 1.9 %
Ellington Residential Mortgage REIT stock traded up $0.12 during mid-day trading on Thursday, reaching $6.73. The company's stock had a trading volume of 195,499 shares, compared to its average volume of 254,365. The firm has a market cap of $133.29 million, a price-to-earnings ratio of 25.87 and a beta of 1.87. The business has a 50 day moving average price of $6.38 and a 200-day moving average price of $6.10. Ellington Residential Mortgage REIT has a twelve month low of $5.09 and a twelve month high of $7.64.
Institutional Investors Weigh In On Ellington Residential Mortgage REIT
A number of hedge funds have recently added to or reduced their stakes in EARN. Vanguard Group Inc. raised its stake in shares of Ellington Residential Mortgage REIT by 33.5% during the fourth quarter. Vanguard Group Inc. now owns 789,914 shares of the real estate investment trust's stock valued at $4,842,000 after purchasing an additional 198,193 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Ellington Residential Mortgage REIT during the first quarter valued at about $751,000. Two Sigma Investments LP raised its stake in shares of Ellington Residential Mortgage REIT by 648.0% during the first quarter. Two Sigma Investments LP now owns 81,353 shares of the real estate investment trust's stock valued at $594,000 after purchasing an additional 70,477 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Ellington Residential Mortgage REIT during the third quarter valued at about $392,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Ellington Residential Mortgage REIT during the fourth quarter valued at about $3,610,000. 20.40% of the stock is currently owned by institutional investors.
About Ellington Residential Mortgage REIT
(
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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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