ELLINGTON FINANCIAL INC 1EL REIT (EFC)
Ellington Financial: Dividend Remains Well Covered, With Room For An Increase
Ellington Financial has grown its allocation to commercial mortgages in recent months, putting it in a strong position to benefit if the U.S. avoids a recession. Q3 2025 distributable earnings grew 13% Q/Q, with both the Investment Portfolio and Longbridge segments contributing to earnings growth. Looking ahead to Q4 2025, attention turns to the effect Fed rate cuts will have on repurchase agreement costs - a key tailwind for earnings over the medium term.
Ellington Financial (EFC) Upgraded to Buy: What Does It Mean for the Stock?
Ellington Financial (EFC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Mortgage rates hit 6.26%, the lowest since October 2024, creating a favorable backdrop for mREITs like EFC, NLY and ORC.
Ellington Financial: Difficult To See Much Upside
EFC's high yield reflects ongoing risks, including share dilution and potential dividend cuts, which continue to justify a Hold rating. Rate cuts could benefit some assets but also increase liquidity risks due to HMBS repurchase obligations, limiting upside potential. Management's focus on cumulative book value and dividends overstates stability, as per-share value and payouts have declined over time.
Ellington Financial Inc. (EFC) Q2 2025 Earnings Call Transcript
Ellington Financial Inc. (NYSE:EFC ) Q2 2025 Earnings Conference Call August 8, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Corporate Participant Associate General Counsel & Secretary - Corporate Participant J. R. Herlihy - CFO & Treasurer Laurence Eric Penn - CEO, President & Director Mark Ira Tecotzky - Co-Chief Investment Officer Conference Call Participants Bose Thomas George - Keefe, Bruyette, & Woods, Inc., Research Division Crispin Elliot Love - Piper Sandler & Co., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Eric J.
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Ellington Financial: Little Impact On Book Value From April Volatility Expected
Ellington Financial is a mREIT focused on residential and commercial mortgage securities. Q1 2025 results were solid, as lower funding costs helped boost net interest income. I expect further improvement in profitability, as the yield curve should steepen later in 2025 and going into 2026.
Ellington Financial, Inc. (EFC) Q1 2025 Earnings Call Transcript
Ellington Financial, Inc. (NYSE:EFC ) Q1 2025 Results Conference Call May 8, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel & Secretary Larry Penn - CEO Mark Tecotzky - Co-CIO JR Herlihy - CFO Conference Call Participants Crispin Love - Piper Sandler Trevor Cranston - Citizens JMP Randy Binner - B. Riley Operator Good morning, ladies and gentlemen, and thank you for standing by.
Ellington Financial: Shifting To The Series C Preferred Shares, Yielding 8.6%
Ellington Financial's Series C preferred shares offer a high yield of 8.6% and are the best choice for income investors. Lower interest rates in late 2024 boosted Ellington Financial's net interest income, and further rate cuts in 2025 could enhance profitability by refinancing $4 billion in debt. Risks include potential declines in housing market prices, rising loan delinquencies, and geographic concentration in California and Florida, which could impact earnings.
Ellington Financial: History Of Cuts Explains High Yield
Ellington Financial offers a high 11% yield but has a history of dividend cuts due to interest rate fluctuations and financing issues. The investment strategy includes a portfolio heavily weighted towards credit assets, with significant leverage and non-recourse HMBS-related obligations. The future outlook hinges on Federal Reserve rate cuts improving interest spreads, but high leverage poses liquidity risks, especially with potential repurchase obligations.
Ellington Financial, Inc. (EFC) Q4 2024 Earnings Call Transcript
Ellington Financial, Inc. (NYSE:EFC ) Q4 2024 Earnings Conference Call February 28, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel & Secretary Larry Penn - CEO Mark Tecotzky - Co-CIO JR Herlihy - CFO Conference Call Participants Doug Harter - UBS Eric Hagen - BTIG Bose George - KBW Trevor Cranston - Citizens JMP Randy Binner - B. Riley Crispin Love - Piper Sandler Operator Good morning, ladies and gentlemen, and thank you for standing by.
