ELLINGTON FINANCIAL INC (EFC)
Financials · Mortgage REIT / Specialty Finance · NYSE
Specialty finance company generating returns from a diversified portfolio of mortgage-backed securities, residential/commercial loans, and reverse mortgage investments, funded with leverage through capital markets.
What ELLINGTON FINANCIAL INC does
Ellington Financial is a specialty finance company that invests in mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit risk transfer securities, and corporate loans through CLOs. The company generates returns through net interest income, realized and unrealized gains on its investments, and a significant portion of earnings from HECM (Home Equity Conversion Mortgage) reverse mortgage loans and associated HMBS obligations. It uses leverage through repurchase agreements and other secured borrowings to enhance returns on its diversified mortgage and credit portfolio.
Themes: ["Mortgage investments / residential mortgage credit","RMBS / mortgage-backed securities","Reverse mortgages / HECM","Mortgage servicing rights","Credit risk transfer / CRT securities","CLO / corporate loan credit","Net interest income / spread lending","Leverage / capital markets financing"]
Fundamentals
- Price$13.53 as of 2026-07-09 close
- Market cap$1.7B as of 2026-07-10
- 1-year return+1.9% as of 2026-07-09 close
- P/E7.88 as of 2026-07-10
- Net margin+40.4% as of 2026-07-10
- Gross margin+27.3% as of 2026-07-10
- ROE+11.9% as of 2026-07-10
- Debt / equity9.21 as of 2026-07-10
- Revenue growth (YoY)+22.7% as of 2026-07-10
- Beta0.94 as of 2026-07-10
Dividend: yield +11.5%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Credit risk on residential and commercial mortgage loans, MBS, CRTs, and CLOs; borrower delinquencies and defaults could increase losses, especially on non-Agency RMBS and second-lien loans with weaker underwriting standards.","Interest rate risk and asset-liability duration mismatch; rising rates increase borrowing costs and may compress margins, while falling rates accelerate prepayments reducing expected cash flows from RMBS and MSRs.","Leverage and financing risk; dependence on repo markets and collateral-based lending means disruptions in capital markets, margin calls, or changes in financing terms could force asset sales at unfavorable times or reduce investment capacity."]
Competitors & peers
- New York Mortgage Trust (NYMT)
- ARMOUR Residential REIT (ARR)
- Apollo Commercial Real Estate Finance (ARI)
- Ready Capital Corporation (RC)
- Two Harbors Investment Corp (TWO)
- New Residential Investment Corp (NRZ)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.