Ellington Residential Mortgage REIT (NYSE:EARN) Stock Passes Below Two Hundred Day Moving Average of $7.55

Ellington Residential Mortgage REIT (NYSE:EARNGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.55 and traded as low as $7.18. Ellington Residential Mortgage REIT shares last traded at $7.26, with a volume of 46,739 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Piper Sandler dropped their price objective on shares of Ellington Residential Mortgage REIT from $9.50 to $8.00 and set an “overweight” rating for the company in a report on Monday, October 3rd. Finally, Credit Suisse Group dropped their price objective on shares of Ellington Residential Mortgage REIT to $7.25 in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Ellington Residential Mortgage REIT has a consensus rating of “Hold” and an average price target of $8.75.

Ellington Residential Mortgage REIT Stock Up 1.4 %

The firm has a market cap of $94.96 million, a price-to-earnings ratio of -2.14 and a beta of 1.71. The business’s fifty day moving average is $6.77 and its two-hundred day moving average is $7.55.

Ellington Residential Mortgage REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 13.22%. The ex-dividend date of this dividend is Tuesday, November 29th. Ellington Residential Mortgage REIT’s dividend payout ratio is presently -28.24%.

Institutional Trading of Ellington Residential Mortgage REIT

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in Ellington Residential Mortgage REIT by 6.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,401 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 1,965 shares in the last quarter. Royal Bank of Canada lifted its position in Ellington Residential Mortgage REIT by 6.0% in the 3rd quarter. Royal Bank of Canada now owns 49,330 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,809 shares in the last quarter. Penserra Capital Management LLC lifted its position in Ellington Residential Mortgage REIT by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 25,522 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 5,724 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Ellington Residential Mortgage REIT by 24.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 32,812 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 6,549 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Ellington Residential Mortgage REIT in the 3rd quarter valued at $138,000. Institutional investors and hedge funds own 21.77% of the company’s stock.

Ellington Residential Mortgage REIT Company Profile

(Get Rating)

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.

Read More

Receive News & Ratings for Ellington Residential Mortgage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Residential Mortgage REIT and related companies with MarketBeat.com's FREE daily email newsletter.