Thrivent Financial for Lutherans Sells 13,412 Shares of Ellington Residential Mortgage REIT (NYSE:EARN)

Thrivent Financial for Lutherans reduced its holdings in shares of Ellington Residential Mortgage REIT (NYSE:EARN – Get Rating) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,151 shares of the real estate investment trust’s stock after selling 13,412 shares during the period. Thrivent Financial for Lutherans owned 0.61% of Ellington Residential Mortgage REIT worth $542,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. UBS Group AG bought a new stake in shares of Ellington Residential Mortgage REIT in the 3rd quarter worth approximately $26,000. Virtu Financial LLC purchased a new stake in Ellington Residential Mortgage REIT during the 3rd quarter valued at about $64,000. Two Sigma Investments LP bought a new stake in Ellington Residential Mortgage REIT during the 3rd quarter valued at about $138,000. Price T Rowe Associates Inc. MD raised its holdings in Ellington Residential Mortgage REIT by 24.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 32,812 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 6,549 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Ellington Residential Mortgage REIT by 10.8% in the third quarter. Penserra Capital Management LLC now owns 40,892 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 23.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, May 20th.

Ellington Residential Mortgage REIT Price Performance

Shares of EARN opened at $6.77 on Friday. Ellington Residential Mortgage REIT has a one year low of $5.70 and a one year high of $8.84. The business has a fifty day moving average of $7.10 and a 200 day moving average of $7.32. The firm has a market capitalization of $93.36 million, a P/E ratio of -8.36 and a beta of 1.79.

Ellington Residential Mortgage REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 26th. Investors of record on Wednesday, May 31st will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.18%. The ex-dividend date of this dividend is Tuesday, May 30th. Ellington Residential Mortgage REIT’s payout ratio is -118.52%.

Ellington Residential Mortgage REIT Profile

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Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities.