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NYSE:EFC

Ellington Financial (EFC) Stock Forecast, Price & News

$12.47

+0.17 (+1.38%)

(As of 09/29/2023 ET)

Compare

Today's Range: $12.33
▼
$12.60
50-Day Range: $12.30
▼
$14.00
52-Week Range: $10.81
▼
$14.62

Volume: 711,806 shs
Average Volume: 667,932 shs
Market Capitalization: $848.21 million

P/E Ratio: 28.34
Dividend Yield: 14.43%
Price Target: $14.55

Ellington Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 16.7% Upside
$14.55 Price Target
Short Interest: Bearish
8.34% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.72
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.24%
From $1.69 to $1.88 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Finance Sector

598th out of 886 stocks

Real Estate Industry

17th out of 24 stocks

2.4

Analyst's Opinion

Consensus Rating
Ellington Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.55, Ellington Financial has a forecasted upside of 16.7% from its current price of $12.47.
Amount of Analyst Coverage
Ellington Financial has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.34% of the outstanding shares of Ellington Financial have been sold short.
Short Interest Ratio / Days to Cover
Ellington Financial has a short interest ratio ("days to cover") of 7.9.
Change versus previous month
Short interest in Ellington Financial has recently increased by 5.00%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Ellington Financial is a leading dividend payer. It pays a dividend yield of 14.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ellington Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ellington Financial is 409.10%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Ellington Financial will have a dividend payout ratio of 95.74% in the coming year. This indicates that Ellington Financial may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EFC.

2.6

News and Social Media Coverage

News Sentiment
Ellington Financial has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Ellington Financial this week, compared to 2 articles on an average week.
Search Interest
Only 27 people have searched for EFC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
20 people have added Ellington Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 54% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ellington Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.40% of the stock of Ellington Financial is held by insiders.
Percentage Held by Institutions
50.18% of the stock of Ellington Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ellington Financial are expected to grow by 11.24% in the coming year, from $1.69 to $1.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ellington Financial is 28.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ellington Financial is 28.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 69.28.
Price to Book Value per Share Ratio
Ellington Financial has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ellington Financial (NYSE:EFC) Stock

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.

EFC Price History

30 days | 90 days | 365 days | Advanced Chart

EFC Stock News Headlines

September 26, 2023 | americanbankingnews.com

New York Mortgage Trust (NASDAQ:NYMTL) vs. Ellington Financial (NYSE:EFC) Head-To-Head Contrast

September 25, 2023 | finance.yahoo.com

Ellington Financial Announces Estimated Book Value Per Common Share as of August 31, 2023

September 30, 2023 | Behind the Markets (Ad)

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September 25, 2023 | msn.com

Ellington Financial: Lack Of Dividend Coverage Makes Me Hesitant

September 9, 2023 | finance.yahoo.com

3 Monthly Dividend Stocks With Eye-Popping Yields for Income Investors

August 24, 2023 | msn.com

Ellington Financial lowers book value per share estimate in July

August 24, 2023 | finance.yahoo.com

Ellington Financial Announces Estimated Book Value Per Common Share as of July 31, 2023

August 8, 2023 | seekingalpha.com

Ellington Financial Inc. 2023 Q2 - Results - Earnings Call Presentation

September 30, 2023 | Weiss Ratings (Ad)

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August 5, 2023 | seekingalpha.com

Great Ajax declares dividend of $0.20/share

August 4, 2023 | benzinga.com

Earnings Outlook For Ellington Financial

July 25, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Ellington Financial (EFC) and Selective Insurance Group (SIGI)

July 24, 2023 | finance.yahoo.com

Ellington Financial Announces Release Date of Second Quarter 2023 Earnings, Conference Call, and Investor Presentation

July 24, 2023 | finance.yahoo.com

Ellington Financial Reports Preliminary Results for Second Quarter 2023

July 13, 2023 | markets.businessinsider.com

What 5 Analyst Ratings Have To Say About Ellington Financial

July 10, 2023 | finance.yahoo.com

Ellington Financial Inc. (NYSE:EFC) is a favorite amongst institutional investors who own 52%

July 6, 2023 | markets.businessinsider.com

Ellington Financial (EFC) Receives a Hold from Bank of America Securities

July 6, 2023 | seekingalpha.com

Ellington Financial: Impending Acquisitions, A Potential Turning Point

July 3, 2023 | finance.yahoo.com

Ellington Financial and Great Ajax Corp. Announce Definitive Merger Agreement

June 22, 2023 | marketwatch.com

8-K: Ellington Financial Inc.

June 16, 2023 | seekingalpha.com

EFC.PB Ellington Financial Inc. 6.25% SER B FIX RAT RESET CUM RED PFD SH

June 6, 2023 | finance.yahoo.com

KKR Agrees to Buy Industrial Machinery Maker Circor for $1.6B

June 1, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Hold Rating on Ellington Financial (EFC)

May 31, 2023 | wsj.com

Ellington Financial Inc. 6.25% Cum. Redeem. Pfd. Series B

May 30, 2023 | bizjournals.com

Arlington Asset Investment to be acquired by Ellington Financial

May 26, 2023 | msn.com

Ellington Financial goes ex-dividend on Tuesday

May 26, 2023 | msn.com

JMP Securities Reiterates Ellington Financial (EFC) Market Outperform Recommendation

See More Headlines

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EFC Company Calendar

Last Earnings: 8/07/2023
Ex-Dividend for 9/25 Dividend: 8/30/2023
Dividend Payable: 9/25/2023
Ex-Dividend for 10/25 Dividend: 9/28/2023
Today: 9/30/2023
Dividend Payable: 10/25/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:EFC
CUSIP: N/A
CIK: 1411342
Web: www.ellingtonfinancial.com
Phone: (203) 698-1200
Fax: 203-698-0869
Employees: N/A
Year Founded: 2007

Price Target and Rating

Average Stock Price Forecast: $14.55
High Stock Price Forecast: $15.50
Low Stock Price Forecast: $13.75
Forecasted Upside/Downside: +16.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 28.34
Forward P/E Ratio: 7.38
P/E Growth: N/A
Net Income: $-71,130,000.00
Net Margins: 42.05%
Pretax Margin: 73.18%
Return on Equity: 12.65%
Return on Assets: 1.04%

Debt

Debt-to-Equity Ratio: 12.26
Current Ratio: 43.02
Quick Ratio: 43.02

Sales & Book Value

Annual Sales: $140.44 million
Price / Sales: 6.04
Cash Flow: $2.38 per share
Price / Cash Flow: 5.24
Book Value: $16.44 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 68,020,000
Free Float: 63,664,000
Market Cap: $848.21 million
Optionable: Optionable
Beta: 1.86

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Key Executives

Mr. J. R. Herlihy (Age 42)
CFO & Treasurer
Comp: $577.61k

Mr. Christopher M. Smernoff (Age 46)
Chief Accounting Officer
Comp: $417.63k

Mr. Laurence Eric Penn (Age 61)
CEO, Pres & Director

Mr. Mark Ira Tecotzky (Age 61)
Co-Chief Investment Officer

Mr. Michael William Vranos (Age 61)
Co-Chief Investment Officer

Mr. Daniel Reuven Margolis (Age 50)
Gen. Counsel

Mr. Vincent Ambrico
Controller

Mr. Alaael-Deen Shilleh
Associate Gen. Counsel & Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EFC Stock - Frequently Asked Questions

Should I buy or sell Ellington Financial stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EFC shares.
View EFC analyst ratings or view top-rated stocks.
What is Ellington Financial's stock price forecast for 2023?: 5 Wall Street analysts have issued 1 year target prices for Ellington Financial's stock. Their EFC share price forecasts range from $13.75 to $15.50. On average, they anticipate the company's share price to reach $14.55 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for EFC or view top-rated stocks among Wall Street analysts.
How have EFC shares performed in 2023?: Ellington Financial's stock was trading at $12.37 at the beginning of 2023. Since then, EFC stock has increased by 0.8% and is now trading at $12.47.
View the best growth stocks for 2023 here.
When is Ellington Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our EFC earnings forecast.
How were Ellington Financial's earnings last quarter?: Ellington Financial Inc. (NYSE:EFC) issued its earnings results on Monday, August, 7th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The financial services provider earned $24.66 million during the quarter, compared to the consensus estimate of $26.55 million. Ellington Financial had a net margin of 42.05% and a trailing twelve-month return on equity of 12.65%.
How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?: Ellington Financial declared a monthly dividend on Thursday, September 7th. Investors of record on Friday, September 29th will be paid a dividend of $0.15 per share on Wednesday, October 25th. This represents a $1.80 annualized dividend and a dividend yield of 14.43%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for EFC.
What ETFs hold Ellington Financial's stock?: ETFs with the largest weight of Ellington Financial (NYSE:EFC) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco KBW High Dividend Yield Financial ETF (KBWD), WisdomTree Alternative Income Fund (HYIN), VanEck Mortgage REIT Income ETF (MORT), Global SuperDividend US ETF (DIV) and iShares Mortgage Real Estate ETF (REM).Global X SuperDividend ETF (SDIV).

Is Ellington Financial a good dividend stock?: Ellington Financial (NYSE:EFC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 14.46%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 409.10%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EFC will have a dividend payout ratio of 95.74% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EFC.
What guidance has Ellington Financial issued on next quarter's earnings?: Ellington Financial updated its second quarter 2023 earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $0.35-$0.39 for the period, compared to the consensus EPS estimate of $0.45. The company issued revenue guidance of -.
What other stocks do shareholders of Ellington Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Financial investors own include Energy Transfer (ET), AGNC Investment (AGNC), Annaly Capital Management (NLY), NGL Energy Partners (NGL), AT&T (T), C3.ai (AI), New Residential Investment (NRZ), New York Mortgage Trust (NYMT), Enterprise Products Partners (EPD) and Chimera Investment (CIM).
What is Ellington Financial's stock symbol?: Ellington Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "EFC."
How do I buy shares of Ellington Financial?: Shares of EFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ellington Financial's stock price today?: One share of EFC stock can currently be purchased for approximately $12.47.
How much money does Ellington Financial make?: Ellington Financial (NYSE:EFC) has a market capitalization of $848.21 million and generates $140.44 million in revenue each year. The financial services provider earns $-71,130,000.00 in net income (profit) each year or $0.44 on an earnings per share basis.
How can I contact Ellington Financial?: Ellington Financial's mailing address is 53 Forest Ave, Greenwich CT, 06870. The official website for the company is www.ellingtonfinancial.com. The financial services provider can be reached via phone at (203) 698-1200, via email at info@ellingtonfinancial.com, or via fax at 203-698-0869.

This page (NYSE:EFC) was last updated on 9/30/2023 by MarketBeat.com Staff

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