Ellington Financial (EFC) Stock Forecast, Price & News

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.

5 brokerages have issued 12-month price objectives for Ellington Financial's shares. Their EFC share price forecasts range from $13.75 to $15.50. On average, they predict the company's share price to reach $14.55 in the next twelve months. This suggests a possible upside of 16.9% 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 at the beginning of 2023. Since then, EFC stock has increased by 0.6% and is now trading at $12.45.
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Ellington Financial saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 5,280,000 shares, an increase of 8.6% from the July 31st total of 4,860,000 shares. Based on an average trading volume of 813,100 shares, the short-interest ratio is currently 6.5 days.
View Ellington Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our EFC earnings forecast.

Ellington Financial Inc. (NYSE:EFC) posted its quarterly earnings data on Monday, August, 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The financial services provider had revenue of $24.66 million for the quarter, compared to analyst estimates of $26.55 million. Ellington Financial had a trailing twelve-month return on equity of 12.65% and a net margin of 42.05%.

Ellington Financial declared a monthly dividend on Thursday, September 7th. Investors of record on Friday, September 29th will be given a dividend of $0.15 per share on Wednesday, October 25th. This represents a $1.80 annualized dividend and a dividend yield of 14.46%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for EFC.

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).

Ellington Financial (NYSE:EFC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 13.92%. 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.

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 estimate of $0.45. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.69%), State Street Corp (3.55%), Ranger Global Real Estate Advisors LLC (2.89%), Mirae Asset Global Investments Co. Ltd. (2.30%), Geode Capital Management LLC (1.90%) and Northern Trust Corp (0.99%).
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 $12.45.

Ellington Financial (NYSE:EFC) has a market capitalization of $846.85 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.

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.