Analysts Set Ellington Financial Inc. (NYSE:EFC) PT at $13.88

Shares of Ellington Financial Inc. (NYSE:EFC) have been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.8750.

Several equities research analysts recently commented on EFC shares. Zacks Research upgraded shares of Ellington Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Ellington Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 14th. BTIG Research lowered Ellington Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Ellington Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Ellington Financial Price Performance

NYSE EFC opened at $13.43 on Friday. The stock’s 50-day moving average price is $13.50 and its two-hundred day moving average price is $13.07. The company has a current ratio of 42.65, a quick ratio of 42.65 and a debt-to-equity ratio of 10.18. The company has a market cap of $1.68 billion, a PE ratio of 8.09 and a beta of 0.93. Ellington Financial has a 1 year low of $11.27 and a 1 year high of $14.12.

Ellington Financial (NYSE:EFC) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.42 by $0.13. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. The company had revenue of $188.83 million during the quarter, compared to analysts’ expectations of $114.09 million. On average, analysts predict that Ellington Financial will post 1.95 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Ellington Financial’s payout ratio is presently 93.98%.

Institutional Investors Weigh In On Ellington Financial

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC increased its stake in shares of Ellington Financial by 267.4% in the first quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,607 shares during the last quarter. Daytona Street Capital LLC acquired a new position in Ellington Financial in the fourth quarter worth approximately $34,000. REAP Financial Group LLC bought a new position in Ellington Financial during the fourth quarter valued at approximately $36,000. Danske Bank A S bought a new position in Ellington Financial during the third quarter valued at approximately $44,000. Finally, Huntington National Bank lifted its stake in Ellington Financial by 35.3% in the fourth quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,078 shares during the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.

Ellington Financial Company Profile

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.