Ellington Financial Inc. – Consensus Indicates Potential 27.5% Upside

Broker Ratings

Ellington Financial Inc. found using ticker (EFC) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 15.5 and 13.75 and has a mean target at 14.66. Now with the previous closing price of 11.5 this is indicating there is a potential upside of 27.5%. The 50 day moving average now sits at 13.25 and the 200 moving average now moves to 13.93. The market capitalisation for the company is $770m. Visit the company website at: https://www.ellingtonfinancial.com

The potential market cap would be $982m based on the market concensus.

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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.

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