Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Ellington Residential Mortgage R (NYSE: EARN) weakened of late. EARN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 1/5/24, Ellington Residential Mortgage R (NYSE: EARN) stock rose modestly by 0.5%, closing at $6.08. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -5.0% during the last week.
Current PriceTarget Research Rating
EARN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ellington Residential Mortgage R has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ellington Residential Mortgage R has a slightly positive Appreciation Score of 62 but a poor Power Rating of 23, leading to the Negative Value Trend Rating.
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