Ellington Financial

EFC · NYSE

$11.48+$0.13 (+1.15%)TodayMarket closed · Oct 20, 7:53 PM ET

Prev close $11.35

EFC analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold2
Underperform0
Sell0

12-month price target · 8 analysts

Average $15.15 (+32.0% upside)

Low: $14.14
Now: $11.48
High: $16.80

Upgrades and downgrades

The latest rating actions, newest first

EFC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 9, 2026	Maintains	Overweight	$15.00 → $14.00	37%
UBS	Aug 19, 2026	Maintains	Neutral	$14.00 → $14.50	0%
BTIG	Jun 17, 2026	Downgrade	Buy → Neutral	—	38%

The case for and against

Updated Nov 27, 2024

Bull case

Ellington Financial has demonstrated a successful strategy with a consistent improvement in its net interest margin, capitalizing on rising short-term interest rates, which bodes well for future profitability. The Longbridge Segment's notable increase in reverse origination volumes from $234 million in Q1 2023 to $297 million in Q2 2023 indicates a strong demand for reverse mortgage loans and a potential enhancement of cash flows. Furthermore, the increase in yield on the credit portfolio by 200 basis points since Q3 2022, alongside a growth of 8% in total agency holdings, suggests an optimal positioning for improved return on equity and overall financial performance.

Bear case

Ellington Financial has experienced a decline in its commercial mortgage, CRE REO, and CMBS holdings, attributing this downturn to industry-wide origination challenges. The company's net interest margin has also decreased to 2.66%, down from 2.95%, primarily due to rising funding costs and an increase in non-accruing delinquent loans, contributing to earnings deterioration. Furthermore, while total leverage has decreased to 8.4x, including Longbridge's non-recourse HMBS, the overall anticipated de-leveraging raises concerns about the company's ability to return to historical leverage averages, underscoring a challenging financial environment.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.