Ellington Residential Mortgage REIT (NYSE:EARN) Short Interest Update

Ellington Residential Mortgage REIT (NYSE:EARN) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 312,600 shares, an increase of 32.1% from the March 15th total of 236,600 shares. Based on an average trading volume of 261,400 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in shares of Ellington Residential Mortgage REIT in the third quarter worth approximately $184,000. Acadian Asset Management LLC bought a new position in shares of Ellington Residential Mortgage REIT in the third quarter worth approximately $392,000. Wolverine Asset Management LLC lifted its stake in shares of Ellington Residential Mortgage REIT by 75.9% in 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 in the last quarter. Two Sigma Investments LP bought a new position in shares of Ellington Residential Mortgage REIT in the third quarter worth approximately $138,000. Finally, UBS Group AG lifted its stake in shares of Ellington Residential Mortgage REIT by 87.3% in the fourth quarter. UBS Group AG now owns 8,005 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,731 shares in the last quarter. Institutional investors own 20.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th.

Ellington Residential Mortgage REIT Price Performance

Shares of NYSE EARN opened at $6.61 on Monday. Ellington Residential Mortgage REIT has a 1 year low of $5.09 and a 1 year high of $7.64. The stock has a market cap of $131.01 million, a P/E ratio of 25.42 and a beta of 1.87. The firm has a 50-day moving average of $6.31 and a 200 day moving average of $6.09.

Ellington Residential Mortgage REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 30th will be issued a $0.08 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 14.52%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 369.24%.

Ellington Residential Mortgage REIT Company Profile

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.