Ellington Residential Mortgage REIT (EARN) Major Shareholder Holdings L.P. Blackstone III Purchases 39,882 Shares

Ellington Residential Mortgage REIT (NYSE:EARN) major shareholder Holdings L.P. Blackstone III acquired 39,882 shares of the stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average price of $11.23 per share, for a total transaction of $447,874.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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):

  • On Friday, August 10th, Holdings L.P. Blackstone III acquired 10,690 shares of Ellington Residential Mortgage REIT stock. The shares were purchased at an average price of $11.21 per share, for a total transaction of $119,834.90.
  • On Friday, June 1st, Holdings L.P. Blackstone III purchased 19,444 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.55 per share, for a total transaction of $224,578.20.
  • On Friday, May 25th, Holdings L.P. Blackstone III purchased 10,811 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.52 per share, for a total transaction of $124,542.72.
  • On Tuesday, May 29th, Holdings L.P. Blackstone III purchased 27,156 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.48 per share, for a total transaction of $311,750.88.
  • On Wednesday, May 23rd, Holdings L.P. Blackstone III purchased 7,254 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.47 per share, for a total transaction of $83,203.38.
  • On Monday, May 21st, Holdings L.P. Blackstone III purchased 14,132 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.25 per share, for a total transaction of $158,985.00.
  • On Wednesday, May 16th, Holdings L.P. Blackstone III purchased 15,494 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.21 per share, for a total transaction of $173,687.74.
  • On Friday, May 18th, Holdings L.P. Blackstone III purchased 32,414 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $11.18 per share, for a total transaction of $362,388.52.

NYSE EARN opened at $11.22 on Wednesday. The stock has a market capitalization of $142.26 million, a price-to-earnings ratio of 6.23 and a beta of 0.50. Ellington Residential Mortgage REIT has a 12-month low of $10.23 and a 12-month high of $14.95.



Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $6.41 million during the quarter. Ellington Residential Mortgage REIT had a net margin of 14.42% and a return on equity of 9.27%. equities research analysts expect that Ellington Residential Mortgage REIT will post 1.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Friday, June 29th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 13.19%. The ex-dividend date was Thursday, June 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 82.22%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $964,000. Paloma Partners Management Co bought a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $485,000. Bank of America Corp DE lifted its holdings in shares of Ellington Residential Mortgage REIT by 1,393.3% during the 2nd quarter. Bank of America Corp DE now owns 10,035 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 9,363 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of Ellington Residential Mortgage REIT by 14.0% during 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. Finally, BB&T Securities LLC lifted its holdings in shares of Ellington Residential Mortgage REIT by 58.4% during the 2nd quarter. BB&T Securities LLC now owns 58,885 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 21,710 shares during the period. 68.36% of the stock is owned by hedge funds and other institutional investors.

EARN has been the subject of a number of recent research reports. ValuEngine downgraded shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

Ellington Residential Mortgage REIT Company Profile

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.

Featured Story: NASDAQ Stock Market Explained

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

Receive News & Ratings for Ellington Residential Mortgage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Residential Mortgage REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply