Ellington Residential Mortgage REIT (NYSE:EARN) Rating Reiterated by JMP Securities

Ellington Residential Mortgage REIT (NYSE:EARN)‘s stock had its “market perform” rating reiterated by stock analysts at JMP Securities in a research note issued to investors on Thursday, Benzinga reports.

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

Ellington Residential Mortgage REIT Stock Performance

NYSE EARN opened at $6.72 on Thursday. The stock has a market cap of $133.09 million, a PE ratio of 25.83 and a beta of 1.87. The firm has a 50-day moving average of $6.40 and a 200-day moving average of $6.10. Ellington Residential Mortgage REIT has a 52-week low of $5.09 and a 52-week high of $7.64.

Hedge Funds Weigh In On Ellington Residential Mortgage REIT

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in shares of Ellington Residential Mortgage REIT by 6.5% during the first quarter. Envestnet Asset Management Inc. now owns 32,401 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 1,965 shares during the period. Advisor Group Holdings Inc. raised its holdings in Ellington Residential Mortgage REIT by 13.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 35,111 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 4,182 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ellington Residential Mortgage REIT by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 540,891 shares of the real estate investment trust’s stock valued at $5,458,000 after acquiring an additional 11,504 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Ellington Residential Mortgage REIT by 28.9% during the 1st quarter. Penserra Capital Management LLC now owns 25,522 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 5,724 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ellington Residential Mortgage REIT by 22.1% in the first quarter. Northern Trust Corp now owns 33,613 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 6,082 shares during the period. 20.40% of the stock is owned by institutional investors.

About Ellington Residential Mortgage REIT

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.