International Assets Investment Management LLC Takes Position in Ellington Residential Mortgage REIT (NYSE:EARN)

International Assets Investment Management LLC bought a new position in shares of Ellington Residential Mortgage REIT (NYSE:EARN) during the 4th quarter, HoldingsChannel reports. The firm bought 58,848 shares of the real estate investment trust’s stock, valued at approximately $3,610,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS Group AG acquired a new stake in Ellington Residential Mortgage REIT during the 3rd quarter worth about $26,000. Two Sigma Investments LP acquired a new position in shares of Ellington Residential Mortgage REIT in the 3rd quarter valued at about $138,000. Penserra Capital Management LLC increased its stake in shares of Ellington Residential Mortgage REIT by 28.9% in the 1st quarter. Penserra Capital Management LLC now owns 25,522 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 5,724 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Ellington Residential Mortgage REIT in the 3rd quarter valued at about $184,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Ellington Residential Mortgage REIT by 6.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 32,401 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 1,965 shares in the last quarter. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Ellington Residential Mortgage REIT Stock Up 1.0 %

Shares of Ellington Residential Mortgage REIT stock opened at $6.62 on Thursday. Ellington Residential Mortgage REIT has a twelve month low of $5.09 and a twelve month high of $7.64. The business has a 50-day moving average price of $6.36 and a 200 day moving average price of $6.09. The firm has a market cap of $131.11 million, a PE ratio of 25.44 and a beta of 1.87.

Ellington Residential Mortgage REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 14.51%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is currently 369.24%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages 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, such as non-agency CMOs, such as investment grade and non-investment grade.