Should I buy or sell Ellington Financial stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

4 brokers have issued 1-year price objectives for Ellington Financial's stock. Their EFC share price targets range from $13.75 to $15.00. On average, they anticipate the company's share price to reach $14.31 in the next twelve months. This suggests a possible upside of 11.3% 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 on January 1st, 2023. Since then, EFC shares have increased by 3.9% and is now trading at $12.8550. View the best growth stocks for 2023 here .

Are investors shorting Ellington Financial?

Ellington Financial saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 5,430,000 shares, a decrease of 10.8% from the October 31st total of 6,090,000 shares. Based on an average trading volume of 769,600 shares, the days-to-cover ratio is currently 7.1 days. View Ellington Financial's Short Interest .

When is Ellington Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our EFC earnings forecast .

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc. (NYSE:EFC) issued its quarterly earnings results on Tuesday, November, 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. The financial services provider had revenue of $27.51 million for the quarter, compared to analyst estimates of $31.41 million. Ellington Financial had a net margin of 84.21% and a trailing twelve-month return on equity of 12.34%.

How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?

Ellington Financial announced a monthly dividend on Wednesday, November 29th. Investors of record on Friday, December 8th will be given a dividend of $0.06 per share on Wednesday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Thursday, December 7th. Read our dividend analysis for EFC .

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 13.72%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 165.14%. 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 100.00% 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 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) .

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) .

Who are Ellington Financial's major shareholders?

Ellington Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Ranger Global Real Estate Advisors LLC (2.82%), Mirae Asset Global Investments Co. Ltd. (2.31%), Invesco Ltd. (2.04%), Northern Trust Corp (0.99%), Charles Schwab Investment Management Inc. (0.80%) and Bank of New York Mellon Corp (0.79%). View institutional ownership trends .

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 .

Ellington Financial Stock Price, News & Analysis (NYSE:EFC)

$12.86

-0.11 (-0.85%)

(As of 12/5/2023 ET)

Compare

Today's Range: $12.84
▼
$12.98
50-Day Range: $11.79
▼
$13.15
52-Week Range: $10.81
▼
$14.42

Volume: 770,388 shs
Average Volume: 805,457 shs
Market Capitalization: $874.40 million

P/E Ratio: 11.79
Dividend Yield: 14.00%
Price Target: $14.31

Ellington Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 11.3% Upside
$14.31 Price Target
Short Interest: Healthy
7.98% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.53
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.11%
From $1.62 to $1.80 Per Share

Overall MarketRank^™

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

2.50 out of 5 stars

Real Estate Sector

6th out of 29 stocks

REIT - Mortgage Industry

2nd out of 4 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 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.31, Ellington Financial has a forecasted upside of 11.3% from its current price of $12.86.
Amount of Analyst Coverage
Ellington Financial has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
7.98% 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 7.1.
Change versus previous month
Short interest in Ellington Financial has recently decreased by 10.84%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Ellington Financial is a leading dividend payer. It pays a dividend yield of 13.72%, 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 165.14%. 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 100.00% 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.

3.6

News and Social Media Coverage

News Sentiment
Ellington Financial has a news sentiment score of 0.53. 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 is a higher news sentiment than the 0.39 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ellington Financial this week, compared to 2 articles on an average week.
Search Interest
41 people have searched for EFC on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.
MarketBeat Follows
13 people have added Ellington Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 30% 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 5.50% 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 11.11% in the coming year, from $1.62 to $1.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ellington Financial is 11.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ellington Financial is 11.79, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 162.97.
Price to Book Value per Share Ratio
Ellington Financial has a P/B Ratio of 0.78. 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 Stock (NYSE:EFC)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EFC Stock News Headlines

December 4, 2023 | benzinga.com

Ellington Financial's Ex-Dividend Date Is Thursday, Here's What You Need To Know

November 30, 2023 | seekingalpha.com

Ellington Financial declares $0.06 interim monthly dividend

December 6, 2023 | Wealthpress (Ad)

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November 29, 2023 | finance.yahoo.com

Ellington Financial Declares Interim Monthly Dividend of $0.06 Per Share

November 27, 2023 | finance.yahoo.com

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

November 11, 2023 | markets.businessinsider.com

Positive Outlook for Ellington Financial: Buy Rating Upheld Amid Promising Dividend Coverage and Strategic Acquisition

November 9, 2023 | insidermonkey.com

Ellington Financial Inc. (NYSE:EFC) Q3 2023 Earnings Call Transcript

November 9, 2023 | seekingalpha.com

Ellington Financial Stock: 14% Yield Like Clockwork

December 6, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 9, 2023 | finance.yahoo.com

Investing in Ellington Financial (NYSE:EFC) five years ago would have delivered you a 36% gain

November 9, 2023 | finance.yahoo.com

Q3 2023 Ellington Financial Inc Earnings Call

November 7, 2023 | businesswire.com

Ellington Financial Inc. Reports Third Quarter 2023 Results

November 3, 2023 | businesswire.com

ARLINGTON ASSET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Arlington ...

October 31, 2023 | seekingalpha.com

EFC.PR.A Ellington Financial Inc. 6.75% SER A PFD

October 25, 2023 | msn.com

Ellington Financial estimates higher book value per share for September

October 25, 2023 | finance.yahoo.com

Ellington Financial Announces Estimated Book Value Per Common Share as of September 30, 2023

October 25, 2023 | finance.yahoo.com

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

October 24, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Ellington Financial (EFC)

September 25, 2023 | finance.yahoo.com

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

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

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)

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Ex-Dividend for 12/26 Dividend: 11/29/2023
Today: 12/05/2023
Ex-Dividend for 12/13 Dividend: 12/07/2023
Dividend Payable: 12/13/2023
Dividend Payable: 12/26/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: REIT - Mortgage
Sub-Industry: N/A
Sector: Real Estate
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 Target: $14.31
High Stock Price Target: $15.00
Low Stock Price Target: $13.75
Potential Upside/Downside: +11.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.09
Trailing P/E Ratio: 11.79
Forward P/E Ratio: 7.94
P/E Growth: N/A
Net Income: $-71,130,000.00
Net Margins: 84.21%
Pretax Margin: 96.08%
Return on Equity: 12.34%
Return on Assets: 0.88%

Debt

Debt-to-Equity Ratio: 12.48
Current Ratio: 39.81
Quick Ratio: 39.81

Sales & Book Value

Annual Sales: $140.44 million
Price / Sales: 6.23
Cash Flow: $2.33 per share
Price / Cash Flow: 5.52
Book Value: $16.44 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 68,020,000
Free Float: 64,276,000
Market Cap: $874.40 million
Optionable: Optionable
Beta: 1.85

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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, President & 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)
General Counsel
Mr. Vincent Ambrico
Controller
Mr. Alaael-Deen Shilleh
Associate General Counsel & Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ellington Financial stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?: 4 brokers have issued 1-year price objectives for Ellington Financial's stock. Their EFC share price targets range from $13.75 to $15.00. On average, they anticipate the company's share price to reach $14.31 in the next twelve months. This suggests a possible upside of 11.3% 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 on January 1st, 2023. Since then, EFC shares have increased by 3.9% and is now trading at $12.8550.
View the best growth stocks for 2023 here.
Are investors shorting Ellington Financial?: Ellington Financial saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 5,430,000 shares, a decrease of 10.8% from the October 31st total of 6,090,000 shares. Based on an average trading volume of 769,600 shares, the days-to-cover ratio is currently 7.1 days.
View Ellington Financial's Short Interest.
When is Ellington Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EFC earnings forecast.
How were Ellington Financial's earnings last quarter?: Ellington Financial Inc. (NYSE:EFC) issued its quarterly earnings results on Tuesday, November, 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. The financial services provider had revenue of $27.51 million for the quarter, compared to analyst estimates of $31.41 million. Ellington Financial had a net margin of 84.21% and a trailing twelve-month return on equity of 12.34%.

How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?: Ellington Financial announced a monthly dividend on Wednesday, November 29th. Investors of record on Friday, December 8th will be given a dividend of $0.06 per share on Wednesday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for EFC.
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 13.72%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 165.14%. 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 100.00% 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 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).
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).
Who are Ellington Financial's major shareholders?: Ellington Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Ranger Global Real Estate Advisors LLC (2.82%), Mirae Asset Global Investments Co. Ltd. (2.31%), Invesco Ltd. (2.04%), Northern Trust Corp (0.99%), Charles Schwab Investment Management Inc. (0.80%) and Bank of New York Mellon Corp (0.79%).
View institutional ownership trends.
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.

This page (NYSE:EFC) was last updated on 12/6/2023 by MarketBeat.com Staff

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