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Ellington Financial Inc. (EFC)

NYSE - NYSE Delayed Price. Currency in USD
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17.57-0.08 (-0.45%)
At close: 4:00PM EDT
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Previous Close17.65
Open17.72
Bid0.00 x 1000
Ask0.00 x 1200
Day's Range17.56 - 17.78
52 Week Range8.18 - 17.83
Volume261,342
Avg. Volume274,990
Market Cap769.244M
Beta (5Y Monthly)2.17
PE Ratio (TTM)44.94
EPS (TTM)0.39
Earnings DateMay 05, 2021 - May 10, 2021
Forward Dividend & Yield1.68 (9.56%)
Ex-Dividend DateApr 29, 2021
1y Target Est17.69
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-32% Est. Return
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  • Ellington (EFC) Declares 40% Dividend Hike: Worth a Look?
    Zacks

    Ellington (EFC) Declares 40% Dividend Hike: Worth a Look?

    In a bid to add shareholder value, Ellington (EFC) increases its monthly cash dividend.

  • Ellington Financial Increases Monthly Dividend By 40%; Street Remains Bullish
    SmarterAnalyst

    Ellington Financial Increases Monthly Dividend By 40%; Street Remains Bullish

    Ellington Financial has raised its monthly dividend by 40% to $0.14 per share. The new dividend will be paid on May 25 to shareholders of record as of April 30. Ellington’s (EFC) CEO Laurence Penn said, “the Board increased our monthly dividend to $0.14, as we continue to see strong growth in our business, driven by a larger flow of high yielding loans from our origination programs.” Penn further added that the “positive trends in our business, combined with the dry powder we have to continue to expand the portfolio, give us confidence that we will be able to increase our dividend further from here.” (See Ellington Financial stock analysis on TipRanks) The company’s annual dividend of $1.68 per share now reflects a dividend yield of 10.3%. On Feb. 23, Maxim Group analyst Michael Diana raised the stock’s price target to $19 (11.7% upside potential) from $18 due to higher book value. In a note to investors, the analyst said, “EFC remains our top pick in mortgage REITs, because of its superior risk management, which protects BV [book value] during dislocations.” The analyst has maintained a Buy rating on the stock. Overall, the rest of the Street has a Strong Buy consensus rating based on 3 unanimous Buys. The average analyst price target of $17.67 implies upside potential of about 3.9% to current levels. Shares have skyrocketed by about 355% in one year. TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on EFC, with 5.6% of investors increasing their exposure to EFC stock over the past 30 days. Related News:HarborOne Bumps Up Quarterly Dividend By 66.7%; Shares Gain 2%Turtle Beach Extends Share BuyBack Program To $25 Million; Street Is BullishCathay General To Buy Back $75M In Stock More recent articles from Smarter Analyst: General Motors’ 1Q Vehicle Sales Rise On Strong Auto Demand Ford’s U.S. Sales Rise 1% In 1Q On EV Strength Eloxx Buys Zikani Therapeutics In An All-Stock Deal; Shares Gain Gates Industrial Lifts 1Q Revenue Outlook; Street Sees 18% Upside

  • Ellington Financial Increases Monthly Common Dividend by 40%
    Business Wire

    Ellington Financial Increases Monthly Common Dividend by 40%

    Ellington Financial Increases Monthly Common Dividend by 40% -Company Also Declares Quarterly Preferred Dividend-