Ellington Financial Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ellington Financial stock.
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Wall Street analysts have given Ellington Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ellington Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Ellington Financial saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 1,210,000 shares, an increase of 51.7% from the May 13th total of 797,800 shares. Based on an average trading volume of 730,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.9% of the shares of the stock are short sold.
View Ellington Financial's Short Interest.

Ellington Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Ellington Financial.

Ellington Financial Inc. (NYSE:EFC) released its earnings results on Wednesday, May, 5th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.06. The financial services provider earned $28.74 million during the quarter, compared to analysts' expectations of $27.32 million. Ellington Financial had a net margin of 172.10% and a trailing twelve-month return on equity of 9.43%.
View Ellington Financial's earnings history.

Ellington Financial's stock was trading at $14.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EFC shares have increased by 31.1% and is now trading at $19.40.
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Ellington Financial announced a monthly dividend on Tuesday, June 8th. Investors of record on Wednesday, June 30th will be paid a dividend of $0.15 per share on Monday, July 26th. This represents a $1.80 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date is Tuesday, June 29th.
View Ellington Financial's dividend history.

Ellington Financial pays an annual dividend of $1.80 per share and currently has a dividend yield of 9.37%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Ellington Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Ellington Financial is 110.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Ellington Financial will have a dividend payout ratio of 94.24% in the coming year. This indicates that Ellington Financial may not be able to sustain their current dividend.
View Ellington Financial's dividend history.

7 Wall Street analysts have issued 1 year target prices for Ellington Financial's shares. Their forecasts range from $14.00 to $20.00. On average, they anticipate Ellington Financial's share price to reach $16.56 in the next twelve months. This suggests that the stock has a possible downside of 14.6%.
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Some companies that are related to Ellington Financial include New World Development (NDVLY), Kennedy-Wilson (KW), SOHO China (SOHOF), Urban Edge Properties (UE), Shanghai Industrial (SGHIY), Getty Realty (GTY), Office Properties Income Trust (OPI), Gazit Globe (GZTGF), Nam Tai Property (NTP), Five Point (FPH), Armada Hoffler Properties (AHH), Forestar Group (FOR), Seritage Growth Properties (SRG), Rafael (RFL) and HomeFed (HOFD).
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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).

Ellington Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "EFC."

Ellington Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.13%), Geode Capital Management LLC (1.61%), Millennium Management LLC (1.51%), JPMorgan Chase & Co. (1.31%), Mutual of America Capital Management LLC (1.01%) and Northern Trust Corp (0.98%).
View institutional ownership trends for Ellington Financial.

EFC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Renaissance Technologies LLC, Van ECK Associates Corp, Northern Trust Corp, Russell Investments Group Ltd., Morgan Stanley, Victory Capital Management Inc., and Goldman Sachs Group Inc..
View insider buying and selling activity for Ellington Financial or view top insider-selling stocks.

EFC stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Prudential Financial Inc., UBS Group AG, Geode Capital Management LLC, Jane Street Group LLC, GSA Capital Partners LLP, and Credit Suisse AG.
View insider buying and selling activity for Ellington Financial or or view top insider-buying stocks.

Shares of EFC 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.
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One share of EFC stock can currently be purchased for approximately $19.40.

Ellington Financial has a market capitalization of $849.37 million and generates $111.87 million in revenue each year. The financial services provider earns $25 million in net income (profit) each year or $1.63 on an earnings per share basis.

The official website for Ellington Financial is www.ellingtonfinancial.com.

Ellington Financial is headquartered at 53 Forest Ave, Greenwich CT, 06870.

Ellington Financial's mailing address is 53 Forest Ave, Greenwich CT, 06870. The financial services provider can be reached via phone at 203-698-1200 or via email at [email protected]