Ellington Residential Mortgage REIT’s (EARN) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of Ellington Residential Mortgage REIT (NYSE:EARN) in a research report released on Thursday morning, Benzinga reports.

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

Ellington Residential Mortgage REIT Stock Down 0.1 %

EARN opened at $6.72 on Thursday. Ellington Residential Mortgage REIT has a 52 week low of $5.09 and a 52 week high of $7.64. The stock has a market cap of $133.19 million, a PE ratio of 25.85 and a beta of 1.87. The business has a 50 day moving average of $6.40 and a 200-day moving average of $6.11.

Ellington Residential Mortgage REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a dividend yield of 14.29%. Ellington Residential Mortgage REIT’s payout ratio is 369.24%.

Institutional Trading of Ellington Residential Mortgage REIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in Ellington Residential Mortgage REIT in the fourth quarter worth $3,610,000. Quadrature Capital Ltd bought a new stake in Ellington Residential Mortgage REIT during the 3rd quarter valued at about $184,000. Acadian Asset Management LLC purchased a new position in Ellington Residential Mortgage REIT in the third quarter worth about $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. Finally, Two Sigma Investments LP purchased a new stake in shares of Ellington Residential Mortgage REIT during the third quarter valued at approximately $138,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

About Ellington Residential Mortgage REIT

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.