Ellington FinancialNYSE: EFC

EFC-A recently changed to a floating rate. Despite the 10% yield, investors should be aware of the risks. Since they haven't called EFC-E, there's a decent chance that they won't call them.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.66 as of September 30, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to holders of record on September 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per co.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced the closing of a $288 million securitization backed by a pool of non-qualified residential mortgage (“non-QM”) loans. Ellington Financial contributed approximately 83% of the loans included in the securitization, with the remainder contributed by funds managed by Ellington Management Group, L.L.C. The debt tranches issued in the securitization were rated by S&P, with the senior-most t.

My investment focus has shifted to income generation, with Ellington Financial offering a 12% yield despite a recent dividend cut. EFC's dividend reduction from $0.15 to $0.13 per share and missed earnings expectations prompt a downgrade to Hold. The real estate sector shows signs of recovery with rate cuts, but EFC's future performance hinges on economic stability and effective hedging.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.69 as of August 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on September 25, 2024 to holders of record on August 30, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common.

Ellington Financial is a real estate investment trust with high yielding preferred share options, including one set to pay 10.7% at floating this fall. Despite higher expenses impacting earnings, Ellington Financial has been able to increase net interest income and cover preferred dividends. Concentration of loans, geography, and potential performance issues are keeping me clear of common shares, but hopeful for Series A preferred shares.

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $13.81 as of May 31, 2024. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, payable on June 25, 2024 to holders of record on May 31, 2024, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is s.

Ellington Financial Inc. is a strong investment in the mREIT space, well positioned for when rates normalize and the housing industry rebounds. The company's diversified portfolio includes income from various sources, allowing for flexibility in managing holdings to adjust to different market climates. Despite recent dividend cuts, Ellington's performance remains strong, with potential for distributable earnings to increase and provide solid income for investors.