Alert: Rating Downgrade (12/15/23)-Ellington Residential Mortgage R (NYSE: EARN).


Stock Rating Downgrade

In the last week the Value Trend Rating for Ellington Residential Mortgage R (NYSE: EARN) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

Ellington Residential Mortgage R (NYSE: EARN) stock declined slightly by -0.6% on 12/15/23. The stock closed at $6.31. Moreover, exceptionally high trading volume at 226% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 3.8% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, EARN is expected to continue to be an important Value Builder.

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 60 but a poor Power Rating of 25, producing the Negative Value Trend Rating.

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