Economy

Ellington Residential Mortgage (NYSE:EARN) Experiences Lighter than Average Trading Volume

The value of the company's investment in ARMOUR Residential REIT, Inc. increased from $33,000 to $60,000 a change of 81.8% quarter over quarter. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.47.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. Ubs Group Ag expanded its stake by buying 953 shares an increase of 65.4% as of 06/30/2017.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Sheaff Brock Investment Advisors, LLC now controls 72,063 shares valued at $1,802,000. The value of the position overall is down by 41.9%. Finally, Renaissance Technologies LLC boosted its stake in ARMOUR Residential REIT by 221.4% in the 1st quarter.

The following firms have recently changed their position in EARN.

11/05/2015 - Ellington Residential Mortgage REIT had its "hold" rating reiterated by analysts at Deutsche Bank. Zacks Investment Research upgraded shares of Ellington Residential Mortgage REIT from a "hold" rating to a "buy" rating and set a $16.00 target price for the company in a research note on Thursday, August 3rd. The stock now has a consensus rating of "Buy" and a consensus price target of $24.50. Following the completion of the transaction, the chief executive officer now owns 86,623 shares of the company's stock, valued at $1,916,966.99. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mark Gruber purchased 2,000 shares of the firm's stock in a transaction on Tuesday, February 21st.

Taking a closer look at shares of Armour Residential R (ARR), we can see that the Kaufman Adaptive Moving Average has been trending higher over the previous five trading sessions. Corporate insiders own 1.50% of the company's stock.

Shares of ARMOUR Residential REIT, Inc.

Shares of Armour Residential R (ARR) are moving on volatility today 1.08% or 0.29 from the open.

The company's P/E ratio is 3.54 and market cap is 1.11B.

02/23/2015 - Ellington Residential Mortgage REIT had its "buy" rating reiterated by analysts at MLV & Co.

The company is now up from yesterday's close of 26.8. Next quarter's EPS is expected be $0.64 and the next full year EPS is projected to be $2.40. ARMOUR Residential REIT had a net margin of 114.11% and a return on equity of 9.26%. Next quarter's EPS is estimated at $0.64 with next year's EPS anticipated to be $2.40. The firm had revenue of $39.06 million during the quarter, compared to analysts' expectations of $34.53 million. The 50 day moving average went down by -0.04% whereas the 200 day average was down by -1.13%. Stockholders of record on Friday, September 29th will be issued a dividend of $0.40 per share. Ellington Residential Mortgage REIT posted earnings of $0.48 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The ex-dividend date was Thursday the 14th of September 2017.

Ellington Residential Mortgage REIT had its "neutral" rating reiterated by analysts at Citigroup.

ILLEGAL ACTIVITY NOTICE: "ARMOUR Residential REIT, Inc. (ARR) Shares Sold by GSA Capital Partners LLP" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & global copyright law.

Trading volume for ARMOUR Residential REIT, Inc. was 8,373 by the end of trading on Tuesday. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or a government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, Agency Securities).



Like this

loading...
loading...

Latest


03 October 2017
Google launches latest Android Wear beta for LG Watch Sport
Well, even after more than a year from its release, Android Nougat should have been running on much more devices than just 17.8%. There's no doubt that Google is playing with good cards by launching a beta program to Android versions.

03 October 2017
UFC Pledges $1 Million In Relief For Vegas Shooting
It is the deadliest mass shooting in modern US history and comes just days before UFC 216 , which takes place Saturday in Vegas. Vegas, of course, is the longtime headquarters of the UFC and the home of promotion President Dana White .

03 October 2017
10 million people in the U.S. saw Russian election ads: Facebook
Mr Zuckerberg has been heavily criticised over recent months, over the social network's role in the 2016 US Presidential election. Facebook's decision to give the ads to Congress means the pressure is now on lawmakers to release the ads to the public.

03 October 2017
Paramount Pictures Nab Rights to Sonic the Hedgehog Movie
It continues to stand as one of the bestselling video game franchises of all time. I think that's equally likely as it actually coming to the big screen.

03 October 2017
Toyota finally shuts its doors in Victoria
As with Holden and Ford, Toyota has been running job search programs for the past three years and paying for retraining. About 260 workers have indicated they will retire while 130 will be re-deployed in other parts of the company.

03 October 2017
European Union parliament to denounce lack of progress on Brexit talks
European People's Party chairman Manfred Weber appealed to Prime Minister Theresa May: "Please sack Johnson, because we need a clear answer who is responsible for the British position".

03 October 2017
SBI Life Insurance to list today
The IPO of SBI Life Insurance Company (SBI Life) opened for subscription on 20 September 2017 and closed on 22 September 2017. SBI Life said its promoters have offloaded up to 12 crore shares of face value of Rs 10 each through the offer of sale route.

03 October 2017
Morocco announces offer to host 2018 CHAN
Kenya lost the right to host the 2018 event following a Confederation of African Football (Caf) executive committee meeting in Accra.

03 October 2017
War of words: Pakistan's foreign minister calls PM Modi a 'terrorist'
In an interview to Pakistan's Geo TV on Monday, Asif did what Islamabad does usually - that is, put the blame of terrorism on India.

03 October 2017
Mugabe in SA, leaves wife Grace behind
He also said that this meeting will give the two countries a platform to review the bilateral relations between the countries. The senior officials have met for the past two days in preparation of our meeting of today.