Nothing is Better Than Ellington Financial Inc (EFC) stock at the moment

With 1.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.97 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $13.27 whereas the lowest price it dropped to was $13.1694. The 52-week range on EFC shows that it touched its highest point at $13.50 and its lowest point at $10.88 during that stretch. It currently has a 1-year price target of $13.50. With its current market cap of 1.15 billion, EFC has annualized dividend of $1.70 while the current yield stands at 12.86%. Beta for the stock currently stands at 1.98.

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Price Performance and Earnings:

Three-month performance surged to 8.72% while six-month performance rose 16.68%. The stock lost -1.93% in the past year, while it has gained 4.01% so far this year. A look at the trailing 12-month EPS for EFC yields 1.19 with Next year EPS estimates of 1.63. For the next quarter, that number is 0.37. This implies an EPS growth rate of -3.34% for this year and 17.56% for next year. EPS is expected to grow by 4.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -10.27%.

Float and Shares Shorts:

At present, 86.93 million EFC shares are outstanding with a float of 84.03 million shares on hand for trading. On 2024-08-15, short shares totaled 4.15 million, which was 476.99999999999994 higher than short shares on 1721001600. In addition to Mr. J. R. Herlihy as the firm’s CFO & Treasurer, Mr. Christopher M. Smernoff serves as its Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 0.57502 of EFC’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.