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.

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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).



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