Quadrature Capital Ltd acquired a new position in Ellington Residential Mortgage REIT (NYSE:EARN – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,506 shares of the real estate investment trust’s stock, valued at approximately $184,000. Quadrature Capital Ltd owned approximately 0.19% of Ellington Residential Mortgage REIT as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in Ellington Residential Mortgage REIT during the third quarter worth $392,000. Wolverine Asset Management LLC increased its holdings in Ellington Residential Mortgage REIT by 75.9% during the third quarter. Wolverine Asset Management LLC now owns 75,995 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 32,795 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Ellington Residential Mortgage REIT by 6.4% during the third quarter. Envestnet Asset Management Inc. now owns 70,670 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 4,224 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Ellington Residential Mortgage REIT by 12.6% during the second quarter. Osaic Holdings Inc. now owns 49,698 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 5,553 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Ellington Residential Mortgage REIT by 1.2% during the second quarter. Renaissance Technologies LLC now owns 440,000 shares of the real estate investment trust’s stock worth $3,172,000 after buying an additional 5,400 shares during the last quarter. Institutional investors own 18.41% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Thursday. UBS Group initiated coverage on shares of Ellington Residential Mortgage REIT in a report on Wednesday, December 6th. They set a “neutral” rating and a $6.00 target price on the stock.
Check Out Our Latest Report on EARN
Ellington Residential Mortgage REIT Price Performance
NYSE:EARN opened at $6.19 on Monday. Ellington Residential Mortgage REIT has a one year low of $5.09 and a one year high of $7.64. The company has a market cap of $101.08 million, a P/E ratio of 23.81 and a beta of 1.85. The firm’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $6.05.
Ellington Residential Mortgage REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 29th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 15.51%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 369.23%.
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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