Ellington Financial Stock Forecast, Price & News

7 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ellington Financial stock.
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Ellington Financial is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Ellington Financial.

Ellington Financial Inc. (NYSE:EFC) issued its quarterly earnings results on Thursday, February, 18th. The financial services provider reported $0.37 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.03. The financial services provider had revenue of $27.12 million for the quarter, compared to the consensus estimate of $29.06 million. Ellington Financial had a negative net margin of 22.63% and a positive trailing twelve-month return on equity of 10.00%.
View Ellington Financial's earnings history.

Ellington Financial's stock was trading at $14.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EFC shares have increased by 19.3% and is now trading at $17.65.
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Ellington Financial announced a monthly dividend on Tuesday, April 6th. Shareholders of record on Friday, April 30th will be given a dividend of $0.14 per share on Tuesday, May 25th. This represents a $1.68 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend is Thursday, April 29th. This is an increase from Ellington Financial's previous monthly dividend of $0.10.
View Ellington Financial's dividend history.

Ellington Financial pays an annual dividend of $1.20 per share and currently has a dividend yield of 6.83%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Ellington Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Ellington Financial is 65.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ellington Financial will have a dividend payout ratio of 73.62% next year. This indicates that Ellington Financial will be able to sustain or increase its dividend.
View Ellington Financial's dividend history.

7 brokers have issued 12-month price targets for Ellington Financial's shares. Their forecasts range from $14.00 to $18.00. On average, they anticipate Ellington Financial's share price to reach $16.13 in the next year. This suggests that the stock has a possible downside of 8.6%.
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Some companies that are related to Ellington Financial include Kennedy-Wilson (KW), Urban Edge Properties (UE), Shanghai Industrial (SGHIY), SOHO China (SOHOF), Office Properties Income Trust (OPI), Getty Realty (GTY), Gazit Globe (GZTGF), Forestar Group (FOR), Five Point (FPH), Armada Hoffler Properties (AHH), Seritage Growth Properties (SRG), Rafael (RFL), HomeFed (HOFD), Nam Tai Property (NTP) and FRP (FRPH).
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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."

Shares of EFC 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 $17.65.

Ellington Financial has a market capitalization of $772.75 million and generates $159.90 million in revenue each year. The financial services provider earns $59.24 million in net income (profit) each year or $1.82 on an earnings per share basis.

The official website for Ellington Financial is www.ellingtonfinancial.com.

Ellington Financial is headquartered at 53 Forest Ave, Greenwich CT, 06870.

Ellington Financial's mailing address is 53 Forest Ave, Greenwich CT, 06870. The financial services provider can be reached via phone at 203-698-1200 or via email at [email protected]