Equities research analysts at Deutsche Bank lowered their price target on shares of Ellington Financial (NYSE: EFC) from $28.25 to $27.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.
The analysts wrote, “Diluted BVPS at $24.52 as of Feb 28; Down 4.6% since Jan 31 Ellington reported diluted BVPS of $24.52 as of February 28, which decreased from January 31 BVPS of $25.69. Ellington’s diluted book value gives effect to the previously announced 4Q regular and special dividends totaling $1.52 per share. Both dividends are payable on March 15 to holders of record on March 1, with an ex-dividend date of February 27.”
A number of other analysts have also recently weighed in on EFC. Analysts at Maxim Group raised their price target on shares of Ellington Financial from $26.00 to $27.00 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Ellington Financial from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 31st. They now have a $24.80 price target on the stock. Finally, analysts at Zacks downgraded shares of Ellington Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 2nd. They now have a $21.30 price target on the stock.
Four investment analysts have rated the stock with a buy rating, and one has issued a hold rating to the stock. The company presently has an average rating of “buy” and an average price target of $26.49.
Ellington Financial traded down 1.04% on Friday, hitting $24.64. Ellington Financial has a 1-year low of $19.28 and a 1-year high of $26.99. The stock’s 50-day moving average is currently $24.95. The company has a market cap of $501.9 million and a price-to-earnings ratio of 4.69.
The company also recently announced a special dividend, which is scheduled for Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.75 per share. This represents a dividend yield of 11.99%. The ex-dividend date is Wednesday, February 27th.
Ellington Financial LLC (EFC) is a specialty finance company, which specializes in acquiring and managing mortgage-related assets.