Ellington Residential Mortgage REIT (EARN) Holding Trimmed by ClariVest Asset Management LLC

Ellington Residential Mortgage REIT (EARN) Holding Trimmed by ClariVest Asset Management LLC

ClariVest Asset Management LLC decreased its stake in Ellington Residential Mortgage REIT (NYSE:EARN) by 23.9% during the first quarter, Holdings Channel reports. The fund owned 135,016 shares of the real estate investment trust’s stock after selling 42,300 shares during the period. ClariVest Asset Management LLC’s holdings in Ellington Residential Mortgage REIT were worth $1,980,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EARN. JPMorgan Chase & Co. increased its stake in Ellington Residential Mortgage REIT by 639.1% in the first quarter. JPMorgan Chase & Co. now owns 7,539 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 6,519 shares in the last quarter. Wells Fargo & Company MN increased its stake in Ellington Residential Mortgage REIT by 894.5% in the first quarter. Wells Fargo & Company MN now owns 12,938 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 11,637 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Ellington Residential Mortgage REIT during the first quarter worth about $243,000. Two Sigma Investments LP increased its stake in Ellington Residential Mortgage REIT by 196.0% in the fourth quarter. Two Sigma Investments LP now owns 44,687 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 29,588 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Ellington Residential Mortgage REIT by 11.4% in the first quarter. Acadian Asset Management LLC now owns 293,119 shares of the real estate investment trust’s stock worth $4,299,000 after buying an additional 30,104 shares in the last quarter. 59.72% of the stock is owned by institutional investors and hedge funds.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) remained flat at $14.64 during trading on Monday. 97,986 shares of the company traded hands. The stock’s 50-day moving average price is $14.80 and its 200-day moving average price is $14.01. The stock has a market capitalization of $133.66 million, a P/E ratio of 9.41 and a beta of 0.58. Ellington Residential Mortgage REIT has a 12 month low of $12.21 and a 12 month high of $15.69.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $9.15 million during the quarter. Ellington Residential Mortgage REIT had a net margin of 49.15% and a return on equity of 12.70%. Analysts predict that Ellington Residential Mortgage REIT will post $1.82 EPS for the current fiscal year.

EARN has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Thursday, February 16th. Credit Suisse Group AG reissued a “hold” rating and issued a $14.00 price objective on shares of Ellington Residential Mortgage REIT in a report on Friday, February 10th.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EARN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding EARN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellington Residential Mortgage REIT (NYSE:EARN).

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