Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages 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; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
IPO Year: 2010
Exchange: NYSE
Website: ellingtonfinancial.com
| 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
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
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per share of common stock of $13.66 as of September 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to holders of record on September 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's esti
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, November 7, 2024. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference the conference code EFCQ324. International callers should dial (203) 518-9848 and reference the same code. The conference call also will be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellin
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 November 25, 2024 to stockholders of record as of October 31, 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 sta
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced the closing of a $288 million securitization backed by a pool of non-qualified residential mortgage ("non-QM") loans. Ellington Financial contributed approximately 83% 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 S&P, with the senior-most tranches receiving AAA(sf) ratings. 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 securitization at any time following the o
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per share of common stock of $13.69 as of August 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on September 25, 2024 to holders of record on August 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's estimate
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to common stockholders of record as of September 30, 2024; (ii) 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 October 30, 2024 to Series A preferred stockholders of record as of September 30, 2024; (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series B preferr
10-Q - Ellington Financial Inc. (0001411342) (Filer)
8-K - Ellington Financial Inc. (0001411342) (Filer)
8-K - Ellington Financial Inc. (0001411342) (Filer)
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8-K - 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
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per share of common stock of $13.66 as of September 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to holders of record on September 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's esti
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, November 7, 2024. To participate in the event by telephone, please dial (800) 343-4849 at least 10 minutes prior to the start time and reference the conference code EFCQ324. International callers should dial (203) 518-9848 and reference the same code. The conference call also will be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellin
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 November 25, 2024 to stockholders of record as of October 31, 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 sta
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per share of common stock of $13.69 as of August 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on September 25, 2024 to holders of record on August 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's estimate
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to common stockholders of record as of September 30, 2024; (ii) 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 October 30, 2024 to Series A preferred stockholders of record as of September 30, 2024; (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series B preferr
Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per share of common stock of $13.80 as of July 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on August 26, 2024 to holders of record on July 31, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material. There can be no assurance that the Company's estimated boo
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 September 25, 2024 to stockholders of record as of August 30, 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 s
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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
Credit Suisse downgraded Ellington Financial from Outperform to Neutral and set a new price target of $14.00
Maxim Group reiterated coverage of Ellington Financial with a rating of Buy and set a new price target of $15.50 from $17.50 previously
Keefe Bruyette downgraded Ellington Financial from Outperform to Mkt Perform and set a new price target of $14.75
B of A Securities reiterated coverage of Ellington Financial with a rating of Neutral and set a new price target of $18.00 from $19.00 previously
JMP Securities reiterated coverage of Ellington Financial with a rating of Market Outperform and set a new price target of $20.00 from $18.50 previously
UBS downgraded Ellington Financial from Buy to Neutral and set a new price target of $18.50 from $17.50 previously
Maxim Group resumed coverage of Ellington Financial with a rating of Buy and set a new price target of $18.00
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
JMP Securities analyst Trevor Cranston reiterates Ellington Financial (NYSE:EFC) with a Market Outperform and maintains $14.5 price target.
JonesTrading analyst Jason Weaver initiates coverage on Ellington Financial (NYSE:EFC) with a Hold rating.
JMP Securities analyst Trevor Cranston reiterates Ellington Financial (NYSE:EFC) with a Market Outperform and maintains $14.5 price target.
BTIG analyst Eric Hagen maintains Ellington Financial (NYSE:EFC) with a Buy and lowers the price target from $15.5 to $13.5.
Keefe, Bruyette & Woods analyst Bose George maintains Ellington Financial (NYSE:EFC) with a Outperform and lowers the price target from $14 to $13.25.
Ellington Financial (NYSE:EFC) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.40 by 32.5 percent. The company reported quarterly sales of $31.58 million which missed the analyst consensus estimate of $42.67 million by 26.00 percent. This is a 4.65 percent increase over sales of $30.17 million the same period last year.
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