Ellington Residential Mortgage REIT (EARN) Reaches New 12-Month Low at $12.37
Ellington Residential Mortgage REIT (NYSE:EARN)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.37 and last traded at $12.72, with a volume of 167300 shares. The stock had previously closed at $12.92.
Several equities analysts recently commented on the company. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.
The company has a market capitalization of $164.96, a PE ratio of 6.51 and a beta of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.86%. The ex-dividend date is Thursday, December 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 149.53%.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Ellington Residential Mortgage REIT during the 3rd quarter worth $109,000. Bessemer Group Inc. bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $119,000. New York State Common Retirement Fund bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $130,000. Cubist Systematic Strategies LLC bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $155,000. Finally, Menta Capital LLC bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $170,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.
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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.
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