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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $13.50 | Neutral | UBS |
| 10/19/2023 | $15.00 | Buy | B. Riley Securities |
| 5/15/2023 | $13.75 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/9/2023 | $14.00 | Outperform → Neutral | Credit Suisse |
| 10/20/2022 | $17.50 → $15.50 | Buy | Maxim Group |
| 7/18/2022 | $14.75 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/9/2022 | $19.00 → $18.00 | Neutral | B of A Securities |
| 10/18/2021 | $18.50 → $20.00 | Market Outperform | JMP Securities |
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that it has closed a $290 million securitization backed by a pool of non-qualified residential mortgage ("non-QM") loans. Ellington Financial contributed approximately 65% of the loans included in the securitization, with the remainder contributed by funds managed by Ellington Management Group, L.L.C. The debt tranches issued in the securitization were rated by Fitch and KBRA, with the senior-most tranches receiving AAAsf and AAA (sf) ratings, respectively. The Company retained certain tranches of the securitization in compliance with both U.S. and EU credit risk retention rules, and also retained the option to call the s
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock, payable on December 26, 2024 to stockholders of record as of November 29, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company's actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking st
Ellington Financial Inc. (NYSE:EFC) ("we," "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income attributable to common stockholders of $16.2 million, or $0.19 per common share.1 $44.0 million, or $0.51 per common share, from the investment portfolio. $39.2 million, or $0.45 per common share, from the credit strategy. $4.8 million, or $0.06 per common share, from the Agency strategy. $(2.5) million, or $(0.03) per common share, from Longbridge. Adjusted Distributable Earnings2 of $34.5 million, or $0.40 per common share. Book value per common share as of September 30, 2024 of $13.66, including the effects of divid
SC 13G/A - Ellington Financial Inc. (0001411342) (Subject)
SC 13G/A - Ellington Financial Inc. (0001411342) (Subject)
SC 13D/A - Ellington Financial Inc. (0001411342) (Subject)
4 - Ellington Financial Inc. (0001411342) (Issuer)
4 - Ellington Financial Inc. (0001411342) (Issuer)
4 - Ellington Financial Inc. (0001411342) (Issuer)
UBS initiated coverage of Ellington Financial with a rating of Neutral and set a new price target of $13.50
B. Riley Securities initiated coverage of Ellington Financial with a rating of Buy and set a new price target of $15.00
Keefe Bruyette upgraded Ellington Financial from Mkt Perform to Outperform and set a new price target of $13.75
10-Q - Ellington Financial Inc. (0001411342) (Filer)
8-K - Ellington Financial Inc. (0001411342) (Filer)
8-K - Ellington Financial Inc. (0001411342) (Filer)
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.10 per common share, payable on February 25, 2021 to stockholders of record as of January 29, 2021, and a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on February 1, 2021 to preferred stockholders of record as of January 19, 2021. The Company also announced its estimated book value per common share of $17.40 as of December 31, 2020. This estimate includes the effect of the previously announced monthly dividend of
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.13 per share of common stock, payable on December 26, 2024 to stockholders of record as of November 29, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company's actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking st
Ellington Financial Inc. (NYSE:EFC) ("we," "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income attributable to common stockholders of $16.2 million, or $0.19 per common share.1 $44.0 million, or $0.51 per common share, from the investment portfolio. $39.2 million, or $0.45 per common share, from the credit strategy. $4.8 million, or $0.06 per common share, from the Agency strategy. $(2.5) million, or $(0.03) per common share, from Longbridge. Adjusted Distributable Earnings2 of $34.5 million, or $0.40 per common share. Book value per common share as of September 30, 2024 of $13.66, including the effects of divid
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that its Board of Directors has authorized the redemption of all 957,133 outstanding shares of its Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") (NYSE:EFC). The anticipated redemption date is December 13, 2024 (the "Redemption Date"). The Series E Preferred Stock redemption price is estimated to be $25.540558 per share of Series E Preferred Stock, which is equal to the liquidation preference of $25.00 per share plus $0.540558 per share representing estimated accrued and unpaid dividends to the Redemption Date. Once redeemed, the Series E Preferred Stock will no longe
JMP Securities analyst Trevor Cranston maintains Ellington Financial (NYSE:EFC) with a Market Outperform and lowers the price target from $14.5 to $14.
Ellington Financial (NYSE:EFC) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.36 by 22.22 percent. This is a 37.78 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $31.056 million which missed the analyst consensus estimate of $32.325 million by 3.93 percent. This is a 12.70 percent increase over sales of $27.557 million the same period last year.
Analysts' ratings for Ellington Financial (NYSE:EFC) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Ellington Financial and provided 12-month price targets. The average target is $13.94, accompanied by a high estimate of $14.50 and a low estimate of $13.25. This current average represents a 5