Wedbush Securities Inc. raised its position in Ellington Residential Mortgage REIT (NYSE:EARN) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,020 shares of the real estate investment trust’s stock after purchasing an additional 1,120 shares during the period. Wedbush Securities Inc. owned approximately 0.10% of Ellington Residential Mortgage REIT worth $133,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Blackstone Group L.P. increased its stake in Ellington Residential Mortgage REIT by 2.8% in the third quarter. Blackstone Group L.P. now owns 3,005,829 shares of the real estate investment trust’s stock valued at $33,936,000 after purchasing an additional 81,306 shares in the last quarter. FMR LLC boosted its holdings in shares of Ellington Residential Mortgage REIT by 38.3% in the third quarter. FMR LLC now owns 529,000 shares of the real estate investment trust’s stock valued at $5,972,000 after buying an additional 146,400 shares during the period. BlackRock Inc. boosted its holdings in shares of Ellington Residential Mortgage REIT by 16.2% in the third quarter. BlackRock Inc. now owns 317,919 shares of the real estate investment trust’s stock valued at $3,589,000 after buying an additional 44,303 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Ellington Residential Mortgage REIT by 0.6% in the third quarter. Renaissance Technologies LLC now owns 870,600 shares of the real estate investment trust’s stock valued at $9,829,000 after buying an additional 5,200 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Ellington Residential Mortgage REIT in the second quarter valued at approximately $964,000. 61.43% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on EARN shares. TheStreet cut shares of Ellington Residential Mortgage REIT from a “c” rating to a “d” rating in a report on Wednesday, November 28th. Zacks Investment Research upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. Finally, ValuEngine upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Friday, November 16th.

EARN traded down $0.05 during trading hours on Monday, hitting $11.62. 4,022 shares of the company’s stock were exchanged, compared to its average volume of 59,926. Ellington Residential Mortgage REIT has a 1-year low of $10.14 and a 1-year high of $12.09. The stock has a market capitalization of $147.16 million, a price-to-earnings ratio of 6.46 and a beta of 0.75.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Monday, December 31st were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.70%. The ex-dividend date was Friday, December 28th. Ellington Residential Mortgage REIT’s payout ratio is 75.56%.

In other Ellington Residential Mortgage REIT news, major shareholder Holdings L.P. Blackstone III bought 7,000 shares of Ellington Residential Mortgage REIT stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of $10.79 per share, for a total transaction of $75,530.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 104,428 shares of company stock valued at $1,136,957 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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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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