Royal Bank of Canada maintained its position in shares of Ellington Residential Mortgage REIT (NYSE:EARN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the real estate investment trust’s stock at the end of the second quarter. Royal Bank of Canada owned 0.18% of Ellington Residential Mortgage REIT worth $354,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Ellington Residential Mortgage REIT by 32.6% in the 2nd quarter. Renaissance Technologies LLC now owns 864,302 shares of the real estate investment trust’s stock valued at $12,671,000 after buying an additional 212,702 shares during the period. Acadian Asset Management LLC increased its holdings in Ellington Residential Mortgage REIT by 60.2% in the 2nd quarter. Acadian Asset Management LLC now owns 469,608 shares of the real estate investment trust’s stock valued at $6,886,000 after buying an additional 176,489 shares during the period. Vanguard Group Inc. increased its holdings in Ellington Residential Mortgage REIT by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 460,514 shares of the real estate investment trust’s stock valued at $6,751,000 after buying an additional 23,519 shares during the period. JPMorgan Chase & Co. increased its holdings in Ellington Residential Mortgage REIT by 4,144.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 319,958 shares of the real estate investment trust’s stock valued at $4,690,000 after buying an additional 312,419 shares during the period. Finally, ClariVest Asset Management LLC increased its holdings in Ellington Residential Mortgage REIT by 101.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 271,829 shares of the real estate investment trust’s stock valued at $3,986,000 after buying an additional 136,813 shares during the period. Hedge funds and other institutional investors own 67.33% of the company’s stock.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) opened at $12.85 on Friday. Ellington Residential Mortgage REIT has a fifty-two week low of $12.50 and a fifty-two week high of $15.74. The firm has a market cap of $171.37, a PE ratio of 6.73 and a beta of 0.62.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). Ellington Residential Mortgage REIT had a return on equity of 12.02% and a net margin of 40.44%. The firm had revenue of $7.15 million during the quarter. equities analysts predict that Ellington Residential Mortgage REIT will post 1.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.45%. The ex-dividend date was Thursday, September 28th. Ellington Residential Mortgage REIT’s payout ratio is 148.15%.

EARN has been the topic of several analyst reports. Zacks Investment Research raised shares of Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday, September 8th. BidaskClub lowered shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a report on Friday, November 3rd. Finally, Deutsche Bank AG lowered their price target on shares of Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd.

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About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.

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

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