BB&T Securities LLC Increases Stake in Ellington Residential Mortgage REIT (NYSE:EARN)

BB&T Securities LLC grew its holdings in shares of Ellington Residential Mortgage REIT (NYSE:EARN) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,185 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. BB&T Securities LLC owned about 0.50% of Ellington Residential Mortgage REIT worth $667,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in Ellington Residential Mortgage REIT during the first quarter worth $40,000. Wedbush Securities Inc. raised its stake in Ellington Residential Mortgage REIT by 15.8% during the second quarter. Wedbush Securities Inc. now owns 19,130 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 2,610 shares during the last quarter. WINTON GROUP Ltd raised its stake in Ellington Residential Mortgage REIT by 70.2% during the second quarter. WINTON GROUP Ltd now owns 21,806 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 8,994 shares during the last quarter. Susquehanna International Group LLP raised its stake in Ellington Residential Mortgage REIT by 34.7% during the second quarter. Susquehanna International Group LLP now owns 59,455 shares of the real estate investment trust’s stock worth $640,000 after buying an additional 15,315 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Ellington Residential Mortgage REIT by 2.6% during the second quarter. Invesco Ltd. now owns 81,138 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 2,070 shares during the last quarter. 61.31% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on EARN shares. ValuEngine downgraded shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. TheStreet raised shares of Ellington Residential Mortgage REIT from a “d” rating to a “c” rating in a research note on Monday, November 25th.

EARN traded up $0.03 during midday trading on Wednesday, hitting $11.22. The company had a trading volume of 28,135 shares, compared to its average volume of 26,714. The company has a market capitalization of $139.32 million, a price-to-earnings ratio of 11.14 and a beta of 0.77. The stock’s 50 day moving average price is $10.86 and its 200 day moving average price is $10.79. Ellington Residential Mortgage REIT has a 52 week low of $9.68 and a 52 week high of $12.14.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $1.67 million for the quarter. Ellington Residential Mortgage REIT had a net margin of 20.65% and a return on equity of 8.03%.

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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