Two Sigma Investments LP Buys 3,440 Shares of Ellington Residential Mortgage REIT (NYSE:EARN)

Two Sigma Investments LP grew its stake in Ellington Residential Mortgage REIT (NYSE:EARN) by 12.4% during the first quarter, Holdings Channel.com reports. The fund owned 31,199 shares of the real estate investment trust’s stock after purchasing an additional 3,440 shares during the quarter. Two Sigma Investments LP’s holdings in Ellington Residential Mortgage REIT were worth $165,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Ellington Residential Mortgage REIT during the 1st quarter valued at about $26,000. Marshall Wace LLP purchased a new position in Ellington Residential Mortgage REIT during the first quarter valued at approximately $40,000. Wells Fargo & Company MN raised its stake in Ellington Residential Mortgage REIT by 22.0% in the first quarter. Wells Fargo & Company MN now owns 16,085 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,900 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Ellington Residential Mortgage REIT during the first quarter worth $140,000. Finally, WINTON GROUP Ltd increased its holdings in shares of Ellington Residential Mortgage REIT by 61.1% in the 1st quarter. WINTON GROUP Ltd now owns 38,700 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 14,671 shares during the period. 64.62% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE EARN opened at $10.30 on Wednesday. The company’s fifty day moving average price is $9.88 and its 200 day moving average price is $9.64. The company has a market capitalization of $124.68 million, a PE ratio of 11.12 and a beta of 1.88. Ellington Residential Mortgage REIT has a 1 year low of $2.70 and a 1 year high of $11.88.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Ellington Residential Mortgage REIT had a positive return on equity of 7.44% and a negative net margin of 36.77%. The company had revenue of $3.78 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Tuesday, June 30th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, June 29th. This represents a $1.12 annualized dividend and a dividend yield of 10.87%.

In other news, major shareholder Holdings L.P. Blackstone III purchased 12,300 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $9.42 per share, for a total transaction of $115,866.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 192,523 shares of company stock worth $1,870,646 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on EARN shares. ValuEngine lowered shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a report on Monday, June 8th. TheStreet lowered Ellington Residential Mortgage REIT from a “c-” rating to a “d” rating in a research note on Friday, May 8th.

Ellington Residential Mortgage REIT Company 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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