Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ellington Residential Mortgage R (NYSE: EARN) improved of late. EARN’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Ellington Residential Mortgage R (NYSE: EARN) stock declined slightly by -0.7% on 4/8/24. The stock closed at $6.76. However, trading volume in this decline was unusually low at 55% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
EARN is expected to continue to be a major 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 C (Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ellington Residential Mortgage R has a neutral Appreciation Score of 53 and a neutral Power Rating of 48, triggering the Neutral Value Trend Rating.
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