Zacks Investment Research upgraded Ellington Residential Mortgage REIT (NYSE:EARN) to Hold in a report released today.
- Updated: October 4, 2016
Zacks Investment Research has upgraded Ellington Residential Mortgage REIT (NYSE:EARN) to Hold in a report released on 10/4/2016.
Previously on 06/29/2015, Credit Suisse reported about Ellington Residential Mortgage REIT (NYSE:EARN) raised the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.04%.
Yesterday Ellington Residential Mortgage REIT (NYSE:EARN) traded -2.66% lower at $12.44. The company’s 50-day moving average is $13.40 and its 200-day moving average is $13.04. The last closing price is down -4.60% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 107,205 shares of EARN changing hands over the typical 37,326
With a total market value of $0, Ellington Residential Mortgage REIT has with a one year low of $9.57 and a one year high of $14.43 .
Brief Synopsis About Ellington Residential Mortgage REIT (NYSE:EARN)
Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets. It 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 manufactured housing, and subprime residential mortgage loans (non-Agency RMBS). Its Agency RMBS include residential mortgage pass-through certificates, collateralized mortgage obligations (CMOs) and to-be-announced mortgage pass-through certificates (TBAs). Its non-agency RMBS include investment grade and non-investment grade classes.
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