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DOW   36,124.56
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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
0.53mentions of Ellington Financial in the last 14 days
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


EFC stock logo

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

EFC Stock News Headlines

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Ellington Financial Stock: 14% Yield Like Clockwork
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Q3 2023 Ellington Financial Inc Earnings Call
EFC.PR.A Ellington Financial Inc. 6.75% SER A PFD
Piper Sandler Keeps Their Buy Rating on Ellington Financial (EFC)
Great Ajax declares dividend of $0.20/share
Earnings Outlook For Ellington Financial
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

Industry, Sector and Symbol

Industry
REIT - Mortgage
Sub-Industry
N/A
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

Net Income
$-71,130,000.00
Pretax Margin
96.08%

Debt

Sales & Book Value

Annual Sales
$140.44 million
Cash Flow
$2.33 per share
Book Value
$16.44 per share

Miscellaneous

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














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 other stocks do shareholders of Ellington Financial own?
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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