StockNews.com has upgraded the stock price of Ellington Residential Mortgage REIT (NYSE:EARN).

Equities research analysts at StockNews.com changed their recommendation on Ellington Residential Mortgage REIT (NYSE: EARN ) from “buy” to “hold” on Wednesday, indicating that they now believe that the investors then “hold” rather than “buy” the stock. This change reflects that they now believe that investors should “hold” rather than “sell” the stock.

Several new research firms have issued reports on EARN in the last few months. Credit Suisse Group previously raised their price target on shares of Ellington Residential Mortgage REIT to $7.50 in a research report published on Friday, December 2nd. , the day after the market opened, Jonestrading began publishing the above reports. Ellington Residential Mortgage REIT shares. These reports can be found on their website. They advised shareholders to “hold” their shares of the company. Piper Sandler reduced their price target for Ellington Residential Mortgage REIT from $9.50 to $8.00 and rated the company “overweight” in a research note published on October 3rd by Piper Sandler. One analyst assigned a buy rating to the stock, although the investment analyst’s recommendation is to maintain a hold rating. Bloomberg.com reports that the company currently has a rating of “Hold” and a price target of $8.83.

For $7.85 a share, shares of Ellington Residential Mortgage REIT were made available to the public for the first time on Wednesday. The developer is currently valued at $102,67,000,000 while it has a price-to-earnings ratio of -2.31 and a beta value of 1.70. Over the past twelve months, the price of one share of Ellington Residential Mortgage REIT has risen to a level that extends from $5.70 to a high of $10.85. In the last fifty days of trading, the company’s stock price is around $7.21, while in the last two hundred days of trading, it is the price is $7.43.

A few hedge funds have made recent changes to the percentage of their stock invested in the company, either increasing or decreasing the percentage. Envestnet Asset Management Inc. Ellington Residential Mortgage REIT increased its holdings by 6.5% in the first quarter of 2018. After making a new purchase of 1,965 shares in the most recent quarter, Envestnet Asset now owns Management Inc. the total amount. has 32,401 shares of the real estate developer’s stock, which is currently valued at $327,000. These shares were acquired as part of the most recent quarter. Public Bank of Canada raised its stake in Ellington Residential Mortgage REIT by 6.0% in the third quarter. After purchasing an additional 2,809 shares during the most recent quarter, Royal Bank of Canada now owns 49,330 shares of the real estate investment trust’s stock valued at $305,000. These shares were acquired as a result of Royal Bank of Canada’s participation in the TSX Venture Exchange. During the third quarter, Two Sigma Advisers LP increased its stake in Ellington Residential Mortgage REIT by 4.1%. Two Sigma Advisers LP owns 83,400 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the most recent quarter. The investment firm’s shares are worth $515,000. During the third quarter, Penserra Capital Management LLC made a 10.8% stake in shares of Ellington Residential Mortgage REIT, bringing the company’s total ownership in the REIT to 100%. Penserra Capital Management LLC now owns 40,892 shares of the real estate developer’s stock, which is currently valued at $252,000 after the stock exchange. 4,000 additional shares in the most recent quarter. Last, but certainly not least, in the first three months of 2018, Advisor Group Holdings Inc. increased the percentage of Ellington Residential Mortgage REIT shares which it owns by 13.5%. After buying an additional 4,182 shares in the most recent fiscal quarter, Advisor Group Holdings Inc. now owns the company’s stock. the total number of shares is 35,111 in the trust house, which is now valued at $344,000 thanks to the acquisition of those shares held by the company. 6.5% in the first quarter of 2018. After making a new purchase of 1,965 shares in the most recent quarter, Envestnet Asset Management Inc. now owns the stock. a total of 32,401 shares of the real estate investment trust, which is currently worth $327,000. These shares were acquired as part of the most recent quarter. Public Bank of Canada raised its stake in Ellington Residential Mortgage REIT by 6.0% in the third quarter. After purchasing an additional 2,809 shares during the most recent quarter, Royal Bank of Canada now owns 49,330 shares of the real estate investment trust’s stock valued at $305,000. These shares were acquired as a result of Royal Bank of Canada’s participation in the TSX Venture Exchange. During the third quarter, Two Sigma Advisers LP increased its stake in Ellington Residential Mortgage REIT by 4.1%. Two Sigma Advisers LP owns 83,400 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the most recent quarter. The investment firm’s shares are worth $515,000. During the third quarter, Penserra Capital Management LLC made a 10.8% stake in shares of Ellington Residential Mortgage REIT, bringing the company’s total ownership in the REIT to 100%. Penserra Capital Management LLC now owns 40,892 shares of the real estate developer’s stock, which is currently valued at $252,000 after the stock exchange. 4,000 additional shares in the most recent quarter. Last, but certainly not least, in the first three months of 2018, Advisor Group Holdings Inc. increased the percentage of Ellington Residential Mortgage REIT shares which it owns by 13.5%. After purchasing an additional 4,182 shares during the most recent fiscal quarter, Advisor Group Holdings Inc. now owns the company’s stock. a total of 35,111 shares in the real estate investment trust, which is valued at $344,000 thanks to the acquisition of those shares. About 23.88 percent of the company’s shares are jointly owned by institutional investors and hedge funds.

Ellington is a leading residential mortgage lender. Real estate investment trusts, often abbreviated to REITs, specialize in acquiring, managing, and investing in mortgages and other related assets. estates and real estate. Its portfolio includes, among other types of securities, residential whole mortgage loans, commercial mortgage securities, mortgage income, non-agency and residential agency mortgage securities, and other asset-backed securities. Residential mortgage bonds include both non-agency and agency mortgages.

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