Cubist Systematic Strategies LLC decreased its stake in Ellington Residential Mortgage REIT (NYSE:EARN) by 55.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,237 shares of the real estate investment trust’s stock after selling 12,826 shares during the period. Cubist Systematic Strategies LLC owned about 0.08% of Ellington Residential Mortgage REIT worth $112,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC grew its holdings in shares of Ellington Residential Mortgage REIT by 14.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 570,635 shares of the real estate investment trust’s stock valued at $6,219,000 after purchasing an additional 70,108 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Ellington Residential Mortgage REIT by 43.0% during the 2nd quarter. Acadian Asset Management LLC now owns 412,505 shares of the real estate investment trust’s stock valued at $4,497,000 after purchasing an additional 124,033 shares during the last quarter. FMR LLC grew its holdings in shares of Ellington Residential Mortgage REIT by 47.2% during the 2nd quarter. FMR LLC now owns 382,600 shares of the real estate investment trust’s stock valued at $4,170,000 after purchasing an additional 122,600 shares during the last quarter. Gables Capital Management Inc. bought a new position in shares of Ellington Residential Mortgage REIT during the 1st quarter valued at $1,687,000. Finally, Northern Trust Corp grew its holdings in shares of Ellington Residential Mortgage REIT by 5.0% during the 1st quarter. Northern Trust Corp now owns 111,989 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 5,379 shares during the last quarter. 63.51% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on EARN shares. TheStreet raised shares of Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a report on Thursday, August 30th. Zacks Investment Research raised shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine raised shares of Ellington Residential Mortgage REIT from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th.

Shares of EARN opened at $10.47 on Friday. The firm has a market cap of $143.27 million, a price-to-earnings ratio of 5.82 and a beta of 0.49. Ellington Residential Mortgage REIT has a twelve month low of $10.23 and a twelve month high of $14.65.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $6.41 million during the quarter. Ellington Residential Mortgage REIT had a net margin of 14.42% and a return on equity of 9.27%. As a group, equities research analysts expect that Ellington Residential Mortgage REIT will post 1.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Friday, September 28th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.48 annualized dividend and a yield of 14.14%. Ellington Residential Mortgage REIT’s payout ratio is currently 82.22%.

In other news, major shareholder Holdings L.P. Blackstone III purchased 10,690 shares of the company’s stock in a transaction on Friday, August 10th. The stock was acquired at an average price of $11.21 per share, with a total value of $119,834.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 91,996 shares of company stock valued at $1,041,996 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Ellington Residential Mortgage REIT 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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Institutional Ownership by Quarter for Ellington Residential Mortgage REIT (NYSE:EARN)

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