Ellington Financial Given “Buy” Rating at Deutsche Bank (EFC)
Ellington Financial (NYSE:EFC)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a $26.50 price objective on the stock, down from their previous price objective of $26.80. Deutsche Bank’s price target would indicate a potential upside of 10.51% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of Ellington Financial from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $24.50 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.20.
Shares of Ellington Financial (NYSE:EFC) traded up 0.13% on Thursday, hitting $23.98. 100,808 shares of the company’s stock traded hands. Ellington Financial has a one year low of $21.12 and a one year high of $24.95. The stock’s 50-day moving average is $23.85 and its 200-day moving average is $23.88. The company has a market cap of $610.1 million and a P/E ratio of 9.93.
Ellington Financial (NYSE:EFC) last announced its earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.08. During the same quarter last year, the company posted $0.88 earnings per share. On average, analysts predict that Ellington Financial will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 12.84%. The ex-dividend date is Wednesday, August 27th.
Ellington Financial LLC (NYSE:EFC) is a specialty finance company, which specializes in acquiring and managing mortgage-related assets.
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