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Earnings
Ellington Residential reports Q2 adjusted EPS 28c, consensus 26c » 16:20
08/10/22
08/10
16:20
08/10/22
16:20
EARN

Ellington Residential

$8.63 /

-0.12 (-1.37%)

"The challenges of…

"The challenges of the previous quarter intensified during the second quarter. The Federal Reserve sought to slow inflation by accelerating its interest rate hiking cycle and initiating the runoff of its balance sheet, while recessionary and geopolitical concerns also weighed heavily on markets," said Laurence Penn, Chief Executive Officer and President. "Actual and implied interest rate volatility remained extremely elevated, interest rates rose further, and liquidity tightened, all of which drove further yield spread widening on most fixed income assets."

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EARN Ellington Residential
$8.63 /

-0.12 (-1.37%)

06/28/22 Piper Sandler
Ellington Residential price target lowered to $9 from $10.50 at Piper Sandler
04/01/22 JMP Securities
Ellington downgraded to Market Perform from Outperform at JMP Securities
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
EARN Ellington Residential
$8.63 /

-0.12 (-1.37%)

EARN Ellington Residential
$8.63 /

-0.12 (-1.37%)

Over a quarter ago
Recommendations
Ellington Residential price target lowered to $9 from $10.50 at Piper Sandler » 06:18
06/28/22
06/28
06:18
06/28/22
06:18
EARN

Ellington Residential

$7.56 /

+0.03 (+0.40%)

Piper Sandler analyst…

Piper Sandler analyst Crispin Love lowered the firm's price target on Ellington Residential to $9 from $10.50 and keeps an Overweight rating on the shares. The analyst cut specialty finance price targets to reflect peer multiple contraction and increased recessionary risks.

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EARN Ellington Residential
$7.56 /

+0.03 (+0.40%)

04/01/22 JMP Securities
Ellington downgraded to Market Perform from Outperform at JMP Securities
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
EARN Ellington Residential
$7.56 /

+0.03 (+0.40%)

EARN Ellington Residential
$7.56 /

+0.03 (+0.40%)

Earnings
Ellington Residential reports Q1 core EPS 30c, consensus 30c » 16:21
05/02/22
05/02
16:21
05/02/22
16:21
EARN

Ellington Residential

$8.44 /

-0.245 (-2.82%)

"The first quarter…

"The first quarter was characterized by heightened volatility not seen since the COVID liquidity crisis, as the market reacted to revised expectations for the Federal Reserve, which signaled a faster interest rate hiking cycle and an accelerated pace of balance sheet runoff, as well as to rapidly rising inflation and geopolitical uncertainty. Interest rates soared and the yield curve flattened, with some parts of the yield curve inverting. Yield spreads in virtually every fixed income sector, including Agency RMBS, widened relative to U.S. Treasury securities and interest rate swaps," said Laurence Penn, Chief Executive Officer and President.

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EARN Ellington Residential
$8.44 /

-0.245 (-2.82%)

04/01/22 JMP Securities
Ellington downgraded to Market Perform from Outperform at JMP Securities
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
EARN Ellington Residential
$8.44 /

-0.245 (-2.82%)

  • 15
    Jun
EARN Ellington Residential
$8.44 /

-0.245 (-2.82%)

Downgrade
Ellington downgraded to Market Perform from Outperform at JMP Securities » 05:04
04/01/22
04/01
05:04
04/01/22
05:04
EARN

Ellington Residential

$10.08 /

+0.03 (+0.30%)

JMP Securities analyst…

JMP Securities analyst Mikhail Goberman downgraded Ellington Residential Mortgage REIT to Market Perform from Outperform without a price target. The analyst cites valuation for the downgrade following a "strong period of relative market outperformance" in the wake of the company's Q4 earnings report on March 7. Goberman also sees a "historically challenging investing environment" for agency mortgage real estate investment trusts amid heightened interest rate volatility.

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EARN Ellington Residential
$10.08 /

+0.03 (+0.30%)

11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
EARN Ellington Residential
$10.08 /

+0.03 (+0.30%)

  • 15
    Jun
EARN Ellington Residential
$10.08 /

+0.03 (+0.30%)

On The Fly
Fly Intel: After-Hours Movers » 18:20
03/07/22
03/07
18:20
03/07/22
18:20
CLAR

Clarus

$20.62 /

-1.23 (-5.63%)

, MASS

908 Devices

$15.54 /

-0.23 (-1.46%)

, LFMD

LifeMD

$3.25 /

+ (+0.00%)

, AZZ

AZZ Inc.

$50.04 /

+0.17 (+0.34%)

, HRTG

Heritage Insurance

$5.63 /

+0.2 (+3.68%)

, AVDX

AvidXchange

$8.77 /

+0.025 (+0.29%)

, EARN

Ellington Residential

$9.63 /

-0.085 (-0.87%)

, TDUP

ThredUP

$7.53 /

+0.515 (+7.34%)

, OWLT

Owlet

$2.48 /

+0.01 (+0.40%)

Check out this evening's…

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TDUP ThredUP
$7.53 /

+0.515 (+7.34%)

OWLT Owlet
$2.48 /

+0.01 (+0.40%)

MASS 908 Devices
$15.54 /

-0.23 (-1.46%)

LFMD LifeMD
$3.25 /

+ (+0.00%)

HRTG Heritage Insurance
$5.63 /

+0.2 (+3.68%)

CLAR Clarus
$20.62 /

-1.23 (-5.63%)

AZZ AZZ Inc.
$50.04 /

+0.17 (+0.34%)

AVDX AvidXchange
$8.77 /

+0.025 (+0.29%)

CLAR Clarus
$20.62 /

-1.23 (-5.63%)

01/03/22 Stifel
Stifel keeps Buy rating, reaffirms positive outlook on Clarus shares
12/21/21 BofA
Clarus initiated with a Buy at BofA
12/15/21 Exane BNP Paribas
Clarus upgraded to Outperform from Neutral at Exane BNP Paribas
11/01/21 Raymond James
Clarus initiated with an Outperform at Raymond James
MASS 908 Devices
$15.54 /

-0.23 (-1.46%)

10/14/21 Cowen
908 Devices coverage transferred at Cowen
LFMD LifeMD
$3.25 /

+ (+0.00%)

01/21/22 B. Riley
LifeMD shares offer 'asymmetric' risk/reward opportunity, says B. Riley
01/03/22 B. Riley
iStar, Aspen Aerogels among B. Riley's top 25 stock picks for 2022
12/27/21 B. Riley
B. Riley recommends LifeMD, OptimizeRx, Semler, Zynex into 2022
11/11/21 BTIG
LifeMD price target lowered to $15 from $30 at BTIG
AZZ AZZ Inc.
$50.04 /

+0.17 (+0.34%)

HRTG Heritage Insurance
$5.63 /

+0.2 (+3.68%)

AVDX AvidXchange
$8.77 /

+0.025 (+0.29%)

01/26/22 SMBC Nikko
AvidXchange initiated with an Outperform at SMBC Nikko
01/25/22 KeyBanc
AvidXchange price target lowered to $15 from $30 at KeyBanc
01/12/22 Piper Sandler
AvidXchange price target lowered to $25 from $28 at Piper Sandler
11/14/21 BofA
AvidXchange initiated with a Neutral at BofA
EARN Ellington Residential
$9.63 /

-0.085 (-0.87%)

11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
TDUP ThredUP
$7.53 /

+0.515 (+7.34%)

02/17/22 Wells Fargo
ThredUP price target lowered to $20 from $30 at Wells Fargo
01/25/22 Needham
ThredUP price target lowered to $25 from $35 at Needham
11/22/21 Guggenheim
ThredUP initiated with a Buy at Guggenheim
11/09/21 Barclays
ThredUP price target raised to $27 from $23 at Barclays
OWLT Owlet
$2.48 /

+0.01 (+0.40%)

10/05/21 BofA
Owlet downgraded to Neutral from Buy at BofA
10/04/21 Cowen
Owlet pullback on FDA warning letter likely overdone, says Cowen
09/08/21 BofA
Owlet initiated with a Buy at BofA
08/05/21
Fly Intel: Top five analyst initiations
TDUP ThredUP
$7.53 /

+0.515 (+7.34%)

OWLT Owlet
$2.48 /

+0.01 (+0.40%)

MASS 908 Devices
$15.54 /

-0.23 (-1.46%)

LFMD LifeMD
$3.25 /

+ (+0.00%)

HRTG Heritage Insurance
$5.63 /

+0.2 (+3.68%)

EARN Ellington Residential
$9.63 /

-0.085 (-0.87%)

CLAR Clarus
$20.62 /

-1.23 (-5.63%)

AZZ AZZ Inc.
$50.04 /

+0.17 (+0.34%)

AVDX AvidXchange
$8.77 /

+0.025 (+0.29%)

  • 11
    Nov
  • 27
    Oct
  • 13
    Oct
  • 29
    Sep
  • 29
    Jul
  • 15
    Jun
  • 26
    Mar
TDUP ThredUP
$7.53 /

+0.515 (+7.34%)

LFMD LifeMD
$3.25 /

+ (+0.00%)

CLAR Clarus
$20.62 /

-1.23 (-5.63%)

AVDX AvidXchange
$8.77 /

+0.025 (+0.29%)

TDUP ThredUP
$7.53 /

+0.515 (+7.34%)

OWLT Owlet
$2.48 /

+0.01 (+0.40%)

AVDX AvidXchange
$8.77 /

+0.025 (+0.29%)

Earnings
Ellington Residential reports Q4 core EPS 28c, consensus 31c » 16:16
03/07/22
03/07
16:16
03/07/22
16:16
EARN

Ellington Residential

$9.63 /

-0.085 (-0.87%)

"Ellington…

"Ellington Residential was able to limit book value declines in what was a challenging quarter for Agency RMBS. Rising inflation triggered a pulling forward of expectations for the first interest rate hike, and an increased likelihood for additional rate increases in 2022, and an acceleration of the Federal Reserve's tapering schedule for balance sheet reduction. These shifts drove a sharp flattening of the yield curve and a spike in interest rate volatility, which caused yield spreads on many Agency RMBS to widen substantially over the course of the quarter," said Laurence Penn, Chief Executive Officer and President.

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EARN Ellington Residential
$9.63 /

-0.085 (-0.87%)

11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
  • 15
    Jun
Downgrade
Ellington Residential downgraded to Neutral from Buy at BTIG » 08:56
11/08/21
11/08
08:56
11/08/21
08:56
EARN

Ellington Residential

$12.08 /

+0.06 (+0.50%)

BTIG analyst Eric Hagen…

BTIG analyst Eric Hagen downgraded Ellington Residential to Neutral from Buy as part of a broader research note on Residential Mortgage REITs following last week's earnings. The analyst is positive on the company's structure of its portfolio, particularly its move to hedge its cost of funds at the short-end using longer-tenor repo, but his rating change is driven by valuation as Ellington Residential shares approach book value with 10% dividend yield, Hagen tells investors in a research note.

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EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
11/23/20 BTIG
Ellington Residential initiated with a Buy at BTIG
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

  • 15
    Jun
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

Downgrade
Ellington Residential downgraded to Neutral from Buy at BTIG » 06:09
11/08/21
11/08
06:09
11/08/21
06:09
EARN

Ellington Residential

$12.08 /

+0.06 (+0.50%)

BTIG analyst Eric Hagen…

BTIG analyst Eric Hagen downgraded Ellington Residential to Neutral from Buy.

ShowHide Related Items >><<
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

11/08/21 BTIG
Ellington Residential downgraded to Neutral from Buy at BTIG
10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
11/23/20 BTIG
Ellington Residential initiated with a Buy at BTIG
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

  • 15
    Jun
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

Downgrade
Ellington Residential downgraded to Neutral from Buy at BTIG » 05:58
11/08/21
11/08
05:58
11/08/21
05:58
EARN

Ellington Residential

$12.08 /

+0.06 (+0.50%)

BTIG analyst Eric Hagen…

BTIG analyst Eric Hagen downgraded Ellington Residential to Neutral from Buy.

ShowHide Related Items >><<
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

10/12/21 Piper Sandler
Ellington Residential initiated with an Overweight at Piper Sandler
11/23/20 BTIG
Ellington Residential initiated with a Buy at BTIG
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

  • 15
    Jun
EARN Ellington Residential
$12.08 /

+0.06 (+0.50%)

Initiation
Ellington Residential initiated with an Overweight at Piper Sandler » 06:04
10/12/21
10/12
06:04
10/12/21
06:04
EARN

Ellington Residential

$11.69 /

+0.01 (+0.09%)

Piper Sandler analyst…

Piper Sandler analyst Crispin Love initiated coverage of Ellington Residential Mortgage REIT with an Overweight rating and $12.50 price target. The analyst sees an attractive risk/reward given the recent pullback in shares, Ellington's "history of peer leading economic returns," and its double-digit dividend yield.

ShowHide Related Items >><<
EARN Ellington Residential
$11.69 /

+0.01 (+0.09%)

EARN Ellington Residential
$11.69 /

+0.01 (+0.09%)

11/23/20 BTIG
Ellington Residential initiated with a Buy at BTIG
EARN Ellington Residential
$11.69 /

+0.01 (+0.09%)

  • 15
    Jun
EARN Ellington Residential
$11.69 /

+0.01 (+0.09%)

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