Ellington Residential (EARN) Major Shareholder Holdings L.P. Blackstone III Acquires 19,475 Shares of Stock

Ellington Residential (NYSE:EARN) major shareholder Holdings L.P. Blackstone III purchased 19,475 shares of the company’s stock in a transaction dated Friday, May 11th. The stock was purchased at an average price of $11.11 per share, with a total value of $216,367.25. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, May 14th, Holdings L.P. Blackstone III acquired 11,909 shares of Ellington Residential stock. The shares were bought at an average price of $11.26 per share, with a total value of $134,095.34.
  • On Friday, March 16th, Holdings L.P. Blackstone III acquired 13,978 shares of Ellington Residential stock. The shares were bought at an average price of $11.42 per share, with a total value of $159,628.76.
  • On Monday, March 12th, Holdings L.P. Blackstone III acquired 7,841 shares of Ellington Residential stock. The shares were bought at an average price of $11.43 per share, with a total value of $89,622.63.
  • On Thursday, March 8th, Holdings L.P. Blackstone III acquired 10,855 shares of Ellington Residential stock. The shares were bought at an average price of $11.01 per share, with a total value of $119,513.55.
  • On Tuesday, March 6th, Holdings L.P. Blackstone III acquired 18,002 shares of Ellington Residential stock. The shares were bought at an average price of $10.81 per share, with a total value of $194,601.62.

Shares of NYSE:EARN opened at $11.22 on Wednesday. Ellington Residential has a 12-month low of $11.20 and a 12-month high of $11.26. The stock has a market capitalization of $143.14 million, a price-to-earnings ratio of 6.87 and a beta of 0.39.



Ellington Residential (NYSE:EARN) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Ellington Residential had a return on equity of 10.93% and a net margin of 17.60%. The business had revenue of $6.18 million during the quarter. equities analysts predict that Ellington Residential will post 1.4 earnings per share for the current year.

Ellington Residential announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that allows the company to repurchase 1,200,000 outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 25th. Shareholders of record on Thursday, March 29th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date of this dividend was Wednesday, March 28th. Ellington Residential’s payout ratio is 82.22%.

A number of analysts recently commented on the company. TheStreet cut Ellington Residential from a “c” rating to a “d+” rating in a research report on Friday, February 9th. Zacks Investment Research lowered Ellington Residential from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, ValuEngine lowered Ellington Residential from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Ellington Residential has an average rating of “Sell” and a consensus target price of $15.00.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in Ellington Residential by 385.3% in the 4th quarter. Wells Fargo & Company MN now owns 22,616 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 17,956 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ellington Residential by 29.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,778 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 5,607 shares during the last quarter. Jefferies Group LLC lifted its stake in shares of Ellington Residential by 128.3% in the 4th quarter. Jefferies Group LLC now owns 28,115 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 15,802 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Ellington Residential by 262.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 28,916 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 20,935 shares in the last quarter. Finally, BB&T Securities LLC lifted its stake in shares of Ellington Residential by 33.1% in the 1st quarter. BB&T Securities LLC now owns 37,175 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 9,250 shares in the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

About Ellington Residential

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.

Insider Buying and Selling by Quarter for Ellington Residential (NYSE:EARN)

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