Ellington Financial (EFC) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EFC shares.
View EFC analyst ratings or view top-rated stocks.

5 analysts have issued twelve-month price objectives for Ellington Financial's shares. Their EFC share price forecasts range from $13.50 to $15.50. On average, they anticipate the company's stock price to reach $14.35 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts price targets for EFC or view top-rated stocks among Wall Street analysts.

Ellington Financial's stock was trading at $12.37 on January 1st, 2023. Since then, EFC stock has increased by 6.4% and is now trading at $13.16.
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Ellington Financial saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,280,000 shares, a drop of 14.4% from the April 30th total of 3,830,000 shares. Based on an average trading volume of 808,200 shares, the days-to-cover ratio is currently 4.1 days.
View Ellington Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EFC earnings forecast.

Ellington Financial Inc. (NYSE:EFC) posted its quarterly earnings data on Monday, November, 8th. The financial services provider reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The financial services provider had revenue of $29.54 million for the quarter, compared to analysts' expectations of $32.25 million. Ellington Financial had a positive trailing twelve-month return on equity of 12.01% and a negative net margin of 15.23%. During the same quarter last year, the company posted $0.41 EPS.

Ellington Financial announced a monthly dividend on Wednesday, June 7th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.15 per share on Tuesday, July 25th. This represents a $1.80 annualized dividend and a yield of 13.68%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for EFC.

ETFs with the largest weight of Ellington Financial (NYSE:EFC) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), WisdomTree Alternative Income Fund (HYIN), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), Global X SuperDividend ETF (SDIV), Invesco S&P SmallCap Financials ETF (PSCF) and iShares Micro-Cap ETF (IWC).

Ellington Financial (NYSE:EFC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 13.62%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for EFC.

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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.05%), State Street Corp (3.76%), Ranger Global Real Estate Advisors LLC (3.42%), Geode Capital Management LLC (1.81%), Mirae Asset Global Investments Co. Ltd. (0.98%) and Bank of New York Mellon Corp (0.77%).
View institutional ownership trends.

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.
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One share of EFC stock can currently be purchased for approximately $13.16.

Ellington Financial (NYSE:EFC) has a market capitalization of $883.83 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 ($0.68) on an earnings per share basis.

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.