Ellington Residential Mortgage REIT (NYSE:EARN) Inventory Score Upgraded by StockNews.com – MarketBeat

August 18, 2022 By admin

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Ellington Residential Mortgage REIT (NYSE:EARNGet Score) was upgraded by inventory analysts at StockNews.com from a “promote” ranking to a “maintain” ranking in a report issued on Monday.
Different analysts have additionally lately issued analysis stories in regards to the inventory. Piper Sandler lowered their value goal on shares of Ellington Residential Mortgage REIT from $10.50 to $9.00 and set an “chubby” ranking on the inventory in a analysis report on Tuesday, June twenty eighth. Credit score Suisse Group lowered their value goal on shares of Ellington Residential Mortgage REIT to $9.00 and set a “na” ranking on the inventory in a analysis report on Monday, Might sixteenth. Three funding analysts have rated the inventory with a maintain ranking and one has issued a purchase ranking to the inventory. In line with MarketBeat, Ellington Residential Mortgage REIT presently has a mean ranking of “Maintain” and a mean goal value of $10.25.

Ellington Residential Mortgage REIT Inventory Down 0.2 %

EARN traded down $0.02 on Monday, hitting $8.73. The corporate’s inventory had a buying and selling quantity of 129,527 shares, in comparison with its common quantity of 134,127. The corporate’s 50 day easy shifting common is $7.86 and its 200-day easy shifting common is $8.77. Ellington Residential Mortgage REIT has a 12 month low of $6.40 and a 12 month excessive of $12.44. The agency has a market cap of $114.45 million, a P/E ratio of -3.81 and a beta of 1.69.

Institutional Inflows and Outflows

A number of institutional traders have lately made modifications to their positions in EARN. Advisor Group Holdings Inc. grew its place in shares of Ellington Residential Mortgage REIT by 8.8% within the 4th quarter. Advisor Group Holdings Inc. now owns 30,929 shares of the true property funding belief’s inventory value $321,000 after shopping for an extra 2,502 shares through the interval. Cambridge Funding Analysis Advisors Inc. boosted its stake in Ellington Residential Mortgage REIT by 19.1% through the fourth quarter. Cambridge Funding Analysis Advisors Inc. now owns 13,258 shares of the true property funding belief’s inventory value $138,000 after buying an extra 2,130 shares within the final quarter. Envestnet Asset Administration Inc. grew its holdings in Ellington Residential Mortgage REIT by 14.0% within the fourth quarter. Envestnet Asset Administration Inc. now owns 30,436 shares of the true property funding belief’s inventory value $316,000 after buying an extra 3,740 shares through the interval. Mariner Funding Group LLC purchased a brand new place in shares of Ellington Residential Mortgage REIT through the fourth quarter valued at roughly $342,000. Lastly, Wolverine Asset Administration LLC elevated its stake in shares of Ellington Residential Mortgage REIT by 11.5% through the fourth quarter. Wolverine Asset Administration LLC now owns 17,322 shares of the true property funding belief’s inventory valued at $179,000 after buying an extra 1,785 shares within the final quarter. Institutional traders personal 27.47% of the corporate’s inventory.

Ellington Residential Mortgage REIT Firm Profile

(Get Score)
Ellington Residential Mortgage REIT, an actual property funding belief, makes a speciality of buying, investing in, and managing residential mortgage-and actual estate-related belongings. It acquires and manages residential mortgage-backed securities (RMBS), together with company swimming pools and company collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, corresponding to funding grade and non-investment grade.

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