Ellington Financial - EFC Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EFC shares.
View EFC analyst ratings or view top-rated stocks.

5 brokers have issued twelve-month price targets for Ellington Financial's shares. Their EFC share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's share price to reach $15.38 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
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Ellington Financial's stock was trading at $17.09 at the beginning of the year. Since then, EFC stock has decreased by 20.7% and is now trading at $13.55.
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Ellington Financial saw a decrease in short interest in November. As of November 15th, there was short interest totaling 1,910,000 shares, a decrease of 28.2% from the October 31st total of 2,660,000 shares. Based on an average daily trading volume, of 659,000 shares, the days-to-cover ratio is presently 2.9 days.
View Ellington Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our EFC earnings forecast.

Ellington Financial Inc. (NYSE:EFC) released its quarterly earnings data on Monday, November, 8th. The financial services provider reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The financial services provider earned $29.54 million during the quarter, compared to analyst estimates of $32.25 million. Ellington Financial had a positive trailing twelve-month return on equity of 9.99% and a negative net margin of 40.37%. During the same period last year, the firm earned $0.41 EPS.

Ellington Financial declared a monthly dividend on Monday, November 7th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.15 per share on Tuesday, December 27th. This represents a $1.80 dividend on an annualized basis and a yield of 13.28%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for EFC.

Ellington Financial (NYSE:EFC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 13.08%. 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.40%), Vanguard Group Inc. (6.03%), State Street Corp (3.53%), Bank of New York Mellon Corp (0.85%), Mutual of America Capital Management LLC (0.73%) and Wolverine Asset Management LLC (0.56%).
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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 $13.55.

Ellington Financial (NYSE:EFC) has a market capitalization of $818.95 million and generates $131.48 million in revenue each year. The financial services provider earns $135.25 million in net income (profit) each year or ($1.19) 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.