Shares of Ellington Financial Inc. (NYSE:EFC – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $14.0833.
A number of research firms have issued reports on EFC. Zacks Research upgraded Ellington Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Ellington Financial from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th.
Read Our Latest Stock Analysis on Ellington Financial
Ellington Financial Stock Performance
Ellington Financial (NYSE:EFC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The company had revenue of $188.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. On average, research analysts predict that Ellington Financial will post 1.95 EPS for the current year.
Ellington Financial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 11.5%. Ellington Financial’s payout ratio is presently 93.98%.
Institutional Trading of Ellington Financial
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Ellington Financial by 234.3% during the 1st quarter. Bank of America Corp DE now owns 537,199 shares of the financial services provider’s stock valued at $6,366,000 after acquiring an additional 376,528 shares in the last quarter. California State Teachers Retirement System raised its stake in Ellington Financial by 92.5% during the 1st quarter. California State Teachers Retirement System now owns 154,243 shares of the financial services provider’s stock valued at $1,828,000 after acquiring an additional 74,135 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Ellington Financial by 13.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 49,915 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 5,788 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ellington Financial during the 1st quarter valued at $1,284,000. Finally, Lido Advisors LLC raised its stake in Ellington Financial by 3.1% during the 1st quarter. Lido Advisors LLC now owns 70,904 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 2,134 shares in the last quarter. Institutional investors own 55.62% of the company’s stock.
About Ellington Financial
Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).
The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.
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