Ellington Financial Inc. which can be found using ticker (EFC) have now 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 15.5 and 13.75 suggesting an average Analsyt target price of $14.47. Given that the stocks previous close was at $12.14 and the analysts are correct then we can expect a percentage increase in value of 19.2%. Also worth taking note is the 50 day moving average now sits at $12.50 while the 200 day moving average is $13.57. The market cap for the company is $845m. Find out more information at: https://www.ellingtonfinancial.com
The potential market cap would be $1,007m based on the market consensus.
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. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
The company has a dividend yield of 14.83% with the ex dividend date set at 30-3-2023 (DMY).
