NYSE:EFCEllington Financial Stock Price, Forecast & News

$11.43

+0.63 (+5.83 %)

(As of 06/5/2020 04:00 PM ET)

Add

Compare

Today's Range

$10.62

Now: $11.43▼

$11.63

50-Day Range

$8.76

MA: $10.03▼

$10.91

52-Week Range

$3.24

Now: $11.43▼

$19.12

Volume561,402 shs

Average Volume528,652 shs

Market Capitalization$500.41 million

P/E RatioN/A

Dividend Yield2.80%

Beta2.04

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including 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; commercial mortgage loans and other commercial real estate debt; and residential mortgage loans. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; equity investments in mortgage-related entities; and other strategic investments, as well as invests in corporate debt and equity securities. In addition, it offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was founded in 2007 and is based in Old Greenwich, Connecticut.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Ellington Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.00, Ellington Financial has a potential upside of 48.7% from its current price of $11.43.
Amount of Analyst Coverage
Ellington Financial has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Ellington Financial has received 218 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ellington Financial has received 265 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ellington Financial has received 54.87% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ellington Financial and other stocks. Vote “Outperform” if you believe EFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Ellington Financial is a leading dividend payer. It pays a dividend yield of 2.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ellington Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Ellington Financial is 17.58 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ellington Financial will have a dividend payout ratio of 24.06 % next year. This indicates that Ellington Financial will be able to sustain or increase its dividend.

1.0 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 7.80% of the stock of Ellington Financial is held by insiders.
Percentage Held by Institutions
60.57% of the stock of Ellington Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ellington Financial are expected to grow by 10.83% in the coming year, from $1.20 to $1.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ellington Financial is -6.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ellington Financial is -6.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ellington Financial has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:EFC

Previous Symbol

CUSIPN/A

CIK1411342

Webwww.ellingtonfinancial.com

Phone203-698-1200

Debt

Debt-to-Equity Ratio4.08

Current Ratio88.98

Quick Ratio88.98

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio9.53

P/E GrowthN/A

Sales & Book Value

Annual Sales$159.90 million

Price / Sales3.13

Cash Flow$2.46 per share

Price / Cash Flow4.65

Book Value$17.24 per share

Price / Book0.66

Profitability

EPS (Most Recent Fiscal Year)$1.82

Net Income$59.24 million

Net Margins-55.19%

Return on Equity9.94%

Return on Assets1.82%

Miscellaneous

EmployeesN/A

Outstanding Shares43,780,000

Market Cap$500.41 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

Receive EFC News and Ratings via Email

Sign-up to receive the latest news and ratings for EFC and its competitors with MarketBeat's FREE daily newsletter.

Ellington Financial (NYSE:EFC) Frequently Asked Questions

How has Ellington Financial's stock been impacted by COVID-19 (Coronavirus)?

Ellington Financial's stock was trading at $14.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EFC stock has decreased by 22.8% and is now trading at $11.43. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ellington Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ellington Financial.

When is Ellington Financial's next earnings date?

Ellington Financial is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Ellington Financial.

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc (NYSE:EFC) issued its earnings results on Thursday, May, 7th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.13. The financial services provider earned $30.02 million during the quarter, compared to analyst estimates of $24.52 million. Ellington Financial had a positive return on equity of 9.94% and a negative net margin of 55.19%. View Ellington Financial's earnings history.

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

Ellington Financial announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be given a dividend of $0.08 per share on Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, May 28th. View Ellington Financial's dividend history.

What price target have analysts set for EFC?

4 brokers have issued 1-year price targets for Ellington Financial's shares. Their forecasts range from $13.00 to $20.00. On average, they anticipate Ellington Financial's share price to reach $17.00 in the next year. This suggests a possible upside of 48.7% from the stock's current price. View analysts' price targets for Ellington Financial.

What are Wall Street analysts saying about Ellington Financial stock?

Here are some recent quotes from research analysts about Ellington Financial stock:

1. According to Zacks Investment Research, "Ellington Financial LLC is a finance company that engages in acquiring and managing mortgage-related assets, including residential mortgage backed securities, prime jumbo, Alternative A-paper and subprime residential mortgage loans. The Company's targeted assets also include mortgage-related derivatives, corporate debt and equity securities and derivatives. Ellington Financial LLC is headquartered in Old Greenwich, USA. " (5/4/2020)
2. Maxim Group analysts commented, "EFC reported 2Q19 EPS of $0.43 and 2Q19 core income of $0.46 per share, both covering EFC’s new $0.42 quarterly dividend, now paid monthly ($0.14 per month) related to its conversion to a REIT. We are maintaining our price target at $20. This equates to 1.06x book value (unchanged), which is inline with the average P/BV multiple of other high- quality mortgage REITs." (8/9/2019)

Has Ellington Financial been receiving favorable news coverage?

News stories about EFC stock have been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ellington Financial earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutEllington Financial.

Who are some of Ellington Financial's key competitors?

Some companies that are related to Ellington Financial include Shanghai Industrial (SGHIY), Innovative Industrial Properties (IIPR), Urban Edge Properties (UE), Office Properties Income Trust (OPI), Getty Realty (GTY), Gazit Globe (GZTGF), Five Point (FPH), Forestar Group (FOR), Armada Hoffler Properties (AHH), HomeFed (HOFD), Seritage Growth Properties (SRG), Front Yard Residential (RESI), FRP (FRPH), Tejon Ranch (TRC) and Nam Tai Property (NTP). View all competitors.

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 LP Unit (ET), AGNC Investment (AGNC), ANNALY CAP MGMT/SH (NLY), New Residential Investment (NRZ), AT&T (T), NGL Energy Partners (NGL), Arlington Asset Investment (AI), Invesco Mortgage Capital (IVR), Ares Capital (ARCC) and NY MTG TR INC/SH (NYMT).

Who are Ellington Financial's key executives?

Ellington Financial's management team includes the following people:

Mr. Laurence Eric Penn, CEO, Pres & Director (Age 57)
Mr. Michael William Vranos, Co-Chief Investment Officer (Age 57)
Mr. JR Herlihy B.A., Chief Financial Officer (Age 37)
Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57)
Mr. Christopher M. Smernoff B.S., C.P.A., Chief Accounting Officer (Age 42)

What is Ellington Financial's stock symbol?

Ellington Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "EFC."

Who are Ellington Financial's major shareholders?

Ellington Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.11%), American Financial Group Inc. (4.36%), Ranger Global Real Estate Advisors LLC (4.24%), State Street Corp (2.64%), Grantham Mayo Van Otterloo & Co. LLC (1.61%) and West Family Investments Inc. (1.35%). View institutional ownership trends for Ellington Financial.

Which major investors are selling Ellington Financial stock?

EFC stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Acadian Asset Management LLC, Claybrook Capital LLC, Morgan Stanley, Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., JPMorgan Chase & Co., and UBS Group AG. View insider buying and selling activity for Ellington Financial.

Which major investors are buying Ellington Financial stock?

EFC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Ranger Global Real Estate Advisors LLC, State Street Corp, American Financial Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Wolverine Asset Management LLC, Balyasny Asset Management LLC, and Mackay Shields LLC. View insider buying and selling activity for Ellington Financial.

How do I buy shares of Ellington Financial?

Shares of EFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ellington Financial's stock price today?

One share of EFC stock can currently be purchased for approximately $11.43.

How big of a company is Ellington Financial?

Ellington Financial has a market capitalization of $500.41 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.

What is Ellington Financial's official website?

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

How can I contact Ellington Financial?

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

This page was last updated on 6/7/2020 by MarketBeat.com Staff