Economy

Ellington Residential Mortgage REIT (EARN) Cut to "Sell" at Zacks Investment Research

Wells Fargo & Company MN lifted its position in Ellington Residential Mortgage REIT by 894.5% in the 1st quarter. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. They now have $28.00 price target on the real estate investment trust's stock. (NYSE TIER) opened at $19.31 on Friday.

Other institutional investors and hedge funds also recently modified their holdings of the company. BMO Capital Markets reiterated a "buy" rating and set a $20.00 price objective on shares of TIER REIT in a research report on Thursday, November 9th. Also, CEO Scott Ulm acquired 5,000 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, March 21st.

The company is so far trading up by 1.91% percent from yesterday's close. Ellington Residential Mortgage REIT has a 52 week low of $12.50 and a 52 week high of $15.74.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Monday, May 1st. As of the last earnings report the EPS was $1.08 with 13.34M shares now outstanding. The firm had revenue of $39.64 million for the quarter, compared to analyst estimates of $37.49 million. The value of the investment in Ellington Residential Mortgage increased from $170,000 to $668,000 a change of 292.9% since the last quarter. Zacks' EPS averages are an average based on a survey of research analysts that cover Ellington Residential Mortgage REIT.

COPYRIGHT VIOLATION WARNING: "ARMOUR Residential REIT, Inc".

TRADEMARK VIOLATION NOTICE: "Ellington Residential Mortgage REIT (EARN) Cut to "Sell" at Zacks Investment Research" was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of USA & worldwide trademark & copyright laws. The original version of this piece of content can be read at https://weekherald.com/2017/11/19/0-42-earnings-per-share-expected-for-ellington-residential-mortgage-reit-earn-this-quarter.html. Shareholders of record on Wednesday, November 15th will be paid a $0.19 dividend. This represents a $0.72 annualized dividend and a yield of 3.73%. The ex-dividend date was Thursday, September 28th. Ellington Residential Mortgage REIT's payout ratio is 149.53%. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The institutional investor owned 84,543 shares of the real estate investment trust's stock after selling 9,520 shares during the period. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a "hold" rating to a "buy" rating and set a $16.00 price target for the company in a research report on Thursday, August 3rd. Its stake was worth $1,767,000 a decrease of 31.6% as of quarter end. Vanguard Group Inc. now owns 436,995 shares of the real estate investment trust's stock worth $6,407,000 after buying an additional 21,208 shares during the last quarter. With short interest at 412,156 and short average daily volume at 83,039, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.03% on October 31. 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ARMOUR Residential REIT in the third quarter worth about $195,000.

According to Zacks, "Ellington Residential Mortgage REIT is a real estate investment trust that specializes in acquiring, investing in and managing residential mortgage and real estate-related assets". The Company constructs and managing a portfolio consisting of residential mortgage-backed securities (RMBS) for which the principal and interest payments are guaranteed by the United States Government agency or the United States Government-sponsored entity (Agency RMBS) and, to a lesser extent, RMBS backed by prime jumbo, Alternative A-paper (Alt-A) manufactured housing, and subprime residential mortgage loans (non-Agency RMBS).



Like this

loading...
loading...

Latest


19 November 2017
Sri Lankan Navy apprehends four Indian fishermen
Earlier, on Friday, Ten Tamil Nadu fishermen were arrested by the Sri Lankan Navy on the charge of fishing in the island's waters. On Thursday, 10 fishermen from Akkarapettai were arrested while they were fishing off the Point Calimere Coast.

19 November 2017
SNL rips alum Al Franken over sexual misconduct
Didn't the troops in Afghanistan have it hard enough without having to sit through sketch comedy?", he asked. Senate Majority Leader Mitch McConnell has called for an ethics investigation into Franken's behavior.

19 November 2017
New Viral Country Song takes on National Football League player protesters
In fact, McCoy is so serious about the Pledge of Allegiance that he has posted a video of himself saying it online every day for almost two years, sometimes joined by his celebrity friends.

19 November 2017
Herbalife LTD. (HLF) Releases FY18 Earnings Guidance
Finally, ValuEngine upgraded shares of Herbalife LTD. from a "hold" rating to a "buy" rating in a report on Friday, September 1st. BidaskClub lowered shares of Herbalife LTD. from a strong-buy rating to a buy rating in a research report on Monday, July 24th.

19 November 2017
The IAC/InterActiveCorp (IAC) PT Lowered to $82.00
Principal Financial Group Inc. purchased a new stake in IAC/InterActiveCorp during the 1st quarter worth approximately $1,030,000. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.14).

19 November 2017
Arsenal, Chelsea chasing Shakhtar Bosman prospect Bernard
Although the trio of English giants would prefer to pick Bernard up for nothing next summer, they could be forced to move for him in January if competition heats up.

19 November 2017
McDonald's drive-thru becomes squeeze-thru
During the 35 minutes she was in the fast-food restaurant, police say she stole $1,400, a purse, food items and Happy Meal toys. According to a statement by the Howard County Police Department , an employee arrived at the restaurant at about 5 a.m.

19 November 2017
Off the web: Ranveer Singh trolled by Heath Ledger fans!
Earlier, Vivek Oberoi also received a lot of backlash for comparing his Krrish 3 role to The Dark Knight's Joker'character. The original meme featured Brad Pitt's look as Tyler Durden from "Fight Club" and has been making waves for a long time.

19 November 2017
Mnuchin: Comparisons to James Bond villain a compliment
That prompted criticism from an OR woman who said, "Glad we could pay for your little getaway". He said that "people have the right to do that". "People can express what they want", he said.

19 November 2017
Wells Fargo & Company (WFC) Shares Sold by iAB Financial Bank
The company has a market cap of $266,648.75, a price-to-earnings ratio of 13.08, a PEG ratio of 1.30 and a beta of 0.97. Manufacturers Life Insurance Co The stated it has 0% of its portfolio in Ingles Markets, Incorporated (NASDAQ:IMKTA).