Ellington Financial (NYSE:EFC) Stock Price Target Lowered at JonesTrading

Ellington Financial (NYSE:EFC) had its price objective trimmed by JonesTrading from $14.50 to $13.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. UBS Group boosted their price target on shares of Ellington Financial from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings cut shares of Ellington Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Piper Sandler reduced their price objective on shares of Ellington Financial from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.83.

Ellington Financial Stock Performance

NYSE:EFC opened at $11.49 on Thursday. The firm’s fifty day moving average price is $12.21 and its 200 day moving average price is $12.85. Ellington Financial has a 1-year low of $11.27 and a 1-year high of $14.12. The company has a debt-to-equity ratio of 10.39, a current ratio of 52.06 and a quick ratio of 52.06. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 6.92 and a beta of 1.01.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $117.72 million during the quarter, compared to analyst estimates of $125.83 million. Ellington Financial had a net margin of 41.95% and a return on equity of 16.12%. On average, sell-side analysts expect that Ellington Financial will post 2.13 EPS for the current year.

Ellington Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, November 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.56 dividend on an annualized basis and a yield of 13.6%. Ellington Financial’s dividend payout ratio (DPR) is 95.12%.

Institutional Investors Weigh In On Ellington Financial

Several institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC purchased a new stake in shares of Ellington Financial during the 2nd quarter worth approximately $25,000. Continuum Advisory LLC acquired a new stake in shares of Ellington Financial in the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC grew its holdings in shares of Ellington Financial by 287.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,566 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,904 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Ellington Financial in the 2nd quarter valued at approximately $41,000. Finally, TOP Private Wealth LLC. purchased a new position in Ellington Financial in the 2nd quarter valued at approximately $64,000. 55.62% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Ellington Financial

Here are the key news stories impacting Ellington Financial this week:

• Positive Sentiment: The company declared a monthly dividend of $0.13 per share, payable December 31 to holders of record November 30. That equals $1.56 annualized, or about a 13.6% yield at the cited share price, and may appeal to income-focused investors. Dividend announcement
• Positive Sentiment: JonesTrading cut its price target from $14.50 to $13.00 but maintained a Buy rating, implying 13.1% upside from $11.49. The lower target is a headwind, though the continued Buy stance is supportive. JonesTrading recommendations
• Neutral Sentiment: Ellington is looking to expand non-QM mortgage servicing through a recent acquisition. The reported strategic direction could create growth opportunities, but the article details provided do not quantify the expected impact. Non-QM servicing growth
• Negative Sentiment: Q3 results fell short of analyst expectations: earnings were reported at $0.45 per share versus a $0.47 consensus, while revenue of $117.72 million trailed the $125.83 million estimate. The earnings release also reported $0.31 of net income per common share. The misses may be contributing to pressure on the stock. Q3 2026 results

About Ellington Financial

Ellington Financial Inc is a real estate investment trust (REIT) that acquires, invests in and manages a portfolio of mortgage-related and other financial assets. The company focuses primarily on residential and commercial mortgage loans, mortgage-backed securities and related investments.

Its investment activities may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights and consumer loans.