Ellington Residential Mortgage REIT (NYSE:EARN – Get Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.
Separately, UBS Group assumed coverage on Ellington Residential Mortgage REIT in a report on Wednesday, December 6th. They issued a “neutral” rating and a $6.00 price target on the stock.
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Ellington Residential Mortgage REIT Trading Down 0.5 %
Shares of NYSE:EARN opened at $6.20 on Thursday. Ellington Residential Mortgage REIT has a 12-month low of $5.09 and a 12-month high of $7.64. The business’s fifty day simple moving average is $6.01 and its 200-day simple moving average is $6.05. The company has a market capitalization of $101.25 million, a PE ratio of 23.85 and a beta of 1.85.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in Ellington Residential Mortgage REIT during the 3rd quarter worth $26,000. Choreo LLC acquired a new stake in Ellington Residential Mortgage REIT during the 4th quarter worth about $86,000. Two Sigma Investments LP acquired a new stake in Ellington Residential Mortgage REIT during the 3rd quarter worth about $138,000. Royal Bank of Canada lifted its position in Ellington Residential Mortgage REIT by 144.6% during the 4th quarter. Royal Bank of Canada now owns 24,638 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 14,566 shares during the period. Finally, Jump Financial LLC acquired a new stake in Ellington Residential Mortgage REIT during the 4th quarter worth about $171,000. 18.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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