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Ellington Residential Mortgage REIT (EARN) Major Shareholder Holdings L.P. Blackstone III Buys 10,231 Shares

Ellington Residential Mortgage REIT (NYSE:EARN) major shareholder Holdings L.P. Blackstone III acquired 10,231 shares of Ellington Residential Mortgage REIT stock in a transaction that occurred on Monday, November 26th. The stock was purchased at an average price of $11.05 per share, with a total value of $113,052.55. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

Get Ellington Residential Mortgage REIT alerts: On Tuesday, November 20th, Holdings L.P. Blackstone III acquired 61,285 shares of Ellington Residential Mortgage REIT stock. The stock was purchased at an average price of $10.90 per share, with a total value of $668,006.50. On Tuesday, November 13th, Holdings L.P. Blackstone III acquired 7,000 shares of Ellington Residential Mortgage REIT stock. The stock was purchased at an average price of $10.79 per share, with a total value of $75,530.00. On Thursday, November 15th, Holdings L.P. Blackstone III acquired 25,912 shares of Ellington Residential Mortgage REIT stock. The stock was purchased at an average price of $10.82 per share, with a total value of $280,367.84. Shares of EARN traded down $0.13 during mid-day trading on Monday, reaching $11.10. 75,100 shares of the company’s stock were exchanged, compared to its average volume of 102,492. Ellington Residential Mortgage REIT has a 52-week low of $10.23 and a 52-week high of $13.14. The stock has a market cap of $141.61 million, a price-to-earnings ratio of 6.17 and a beta of 0.55.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). Ellington Residential Mortgage REIT had a positive return on equity of 10.35% and a negative net margin of 1.77%. The business had revenue of $4.65 million for the quarter. On average, equities analysts expect that Ellington Residential Mortgage REIT will post 1.33 earnings per share for the current year.

EARN has been the subject of a number of research reports. ValuEngine upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Zacks Investment Research downgraded shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, TheStreet upgraded shares of Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th.

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in Ellington Residential Mortgage REIT by 38.3% in the 3rd quarter. FMR LLC now owns 529,000 shares of the real estate investment trust’s stock worth $5,972,000 after acquiring an additional 146,400 shares during the period. Acadian Asset Management LLC grew its stake in Ellington Residential Mortgage REIT by 43.0% in the 2nd quarter. Acadian Asset Management LLC now owns 412,505 shares of the real estate investment trust’s stock worth $4,497,000 after acquiring an additional 124,033 shares during the period. Millennium Management LLC purchased a new stake in Ellington Residential Mortgage REIT in the 2nd quarter worth approximately $964,000. Blackstone Group L.P. grew its stake in Ellington Residential Mortgage REIT by 2.8% in the 3rd quarter. Blackstone Group L.P. now owns 3,005,829 shares of the real estate investment trust’s stock worth $33,936,000 after acquiring an additional 81,306 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in Ellington Residential Mortgage REIT by 14.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 570,635 shares of the real estate investment trust’s stock worth $6,219,000 after acquiring an additional 70,108 shares during the period. 63.87% of the stock is owned by institutional investors and hedge funds.

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About Ellington Residential Mortgage REIT

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.

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