Ellington Financial Inc. (NYSE:EFC - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.25.
Several equities research analysts have commented on EFC shares. Zacks Research cut shares of Ellington Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. UBS Group lifted their price objective on shares of Ellington Financial from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. BTIG Research downgraded shares of Ellington Financial from a "buy" rating to a "neutral" rating in a report on Wednesday, June 17th. Piper Sandler cut their target price on shares of Ellington Financial from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ellington Financial in a research report on Tuesday, August 11th.
View Our Latest Report on EFC
Institutional Investors Weigh In On Ellington Financial
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Ellington Financial during the second quarter worth $284,144,000. Bank of New York Mellon Corp bought a new position in shares of Ellington Financial in the 2nd quarter worth about $11,133,000. First Trust Advisors LP raised its position in shares of Ellington Financial by 263.7% during the 1st quarter. First Trust Advisors LP now owns 593,740 shares of the financial services provider's stock worth $7,036,000 after purchasing an additional 430,477 shares during the period. Bank of America Corp DE lifted its stake in Ellington Financial by 234.3% in the first quarter. Bank of America Corp DE now owns 537,199 shares of the financial services provider's stock valued at $6,366,000 after buying an additional 376,528 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Ellington Financial by 7.5% in the second quarter. State Street Corp now owns 4,952,930 shares of the financial services provider's stock valued at $68,043,000 after purchasing an additional 347,567 shares during the period. 55.62% of the stock is owned by hedge funds and other institutional investors.
Ellington Financial Stock Performance
Shares of NYSE EFC traded down $0.04 during trading on Friday, reaching $11.60. 945,936 shares of the stock traded hands, compared to its average volume of 1,594,033. The company has a debt-to-equity ratio of 10.39, a current ratio of 52.06 and a quick ratio of 52.06. The stock has a market capitalization of $1.49 billion, a P/E ratio of 7.08 and a beta of 0.97. Ellington Financial has a 52-week low of $11.27 and a 52-week high of $14.12. The company has a 50-day moving average of $12.97 and a 200-day moving average of $13.10.
Ellington Financial (NYSE:EFC - Get Free Report) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.46 by $0.14. The business had revenue of $134.11 million for the quarter, compared to the consensus estimate of $114.59 million. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%. Analysts forecast that Ellington Financial will post 2.13 EPS for the current fiscal year.
Ellington Financial Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, October 30th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, October 30th. Ellington Financial's payout ratio is presently 95.12%.
Ellington Financial Company Profile
(
Get Free Report)
Ellington Financial Inc NYSE: EFC is a real estate investment trust that invests in a range of mortgage-related and other financial assets. Its portfolio includes residential and commercial mortgage loans, mortgage-backed securities, consumer loans and other credit-related investments.
The company focuses primarily on assets tied to the U.S. housing and real estate markets. Its investment activities may include acquiring, financing and managing residential mortgage loans, including non-agency and other specialized mortgage assets, as well as commercial mortgage investments and mortgage-backed securities.
Further Reading
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