Ellington Financial

Ellington Financial, Inc. operates as an investment trust. The firm engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

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Ellington Financial reports solid Q4 performance amidst market challenges

Ellington Financial (EFC) delivered a solid Q4 performance, driven by strong contributions from Longbridge Financial and the Agency strategy. Despite challenges from spiked short-term interest rates impacting borrowing costs, EFC remains well-positioned with a strong liquidity position and a growing credit portfolio. The company is strategically focusing on market opportunities and acquisitions to drive future growth and profitability.

Ellington Financial (EFC) reports solid Q1 performance amidst strategic portfolio adjustments

Ellington Financial (EFC) delivered a strong performance in Q1 2023, showcasing effective capital management and strategic portfolio adjustments. While facing challenges such as regional banking distress and liquidity risks, the company remains optimistic about future opportunities and potential dividend increases.

Ellington Financial (EFC) reports strong Q2 earnings and strategic acquisitions

Ellington Financial (EFC) delivered solid performance in Q2 2023, driven by its credit strategy segment and pending strategic acquisitions.
The company's focus on diversification, capital allocation flexibility, and entering new sectors like mortgage servicing rights bode well for future growth.
While facing challenges such as delinquencies and portfolio shifts, EFC is actively exploring opportunities in M&A, distressed assets, and longer-duration assets.
Overall, EFC's strategic moves and financial strength position it favorably to navigate challenges and capitalize on emerging opportunities in the market.

Ellington Financial reports solid Q3 earnings amidst market challenges

Ellington Financial's Q3 2023 showcased strong performance in credit portfolios, offsetting challenges in agency strategies. The company's interest rate hedging strength and ample dry powder position it well for future investments. Opportunities in distressed commercial mortgage loans and CMBS are being actively pursued. The merger with Arlington and potential FDIC portfolio bid signal strategic growth moves.

Ellington Financial reports Q4 resilience post-merger, eyes growth opportunities

Ellington Financial's Q4 performance showed resilience with a focus on recovery and growth post-merger, supported by a strong balance sheet and asset sales.
The company's strengths lie in its scale, balance sheet strength, and commitment to long-term value creation through strategic investments and dividend coverage.
Challenges include rebuilding earnings, managing leverage effectively, and navigating market uncertainties, while opportunities exist in growth, regulatory changes, and strategic investments.
Overall, Ellington Financial's strategic focus on growth, value creation, and financial stability positions it well for long-term success and shareholder value enhancement.

Ellington Financial (EFC) reports robust Q2 earnings and strategic growth outlook

Ellington Financial (EFC) demonstrated strong financial performance in Q2 2024, driven by diversified credit portfolios and strategic investments.
The company showcased resilience and adaptability in navigating market challenges while capitalizing on growth opportunities.
Maintaining a balanced approach to portfolio management and leveraging strengths in key areas position Ellington Financial for continued success.
Strategic focus on optimizing earnings, managing debt ratios, and exploring new avenues for growth will be key to sustained performance.

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Ellington Financial, Inc. engages in the provision of investment services. It operates through the Investment Portfolio and Longbridge segments. The Investment Portfolio segment is focused on investing in a diverse array of financial assets, which includes residential and commercial mortgage loans, reverse mortgage loans, residential mortgage-backed securities, commercial mortgage-backed securities, consumer loans & asset-backed securities backed, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies. The Longbridge segment consists of the origination and servicing of reverse mortgage loans. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.

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Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These July U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (87); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >8.74% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs.Equities; 4. Fund risks/rewards. All per prices as of 7/13/23.

87 Monthly Paying Dividend Stocks And 80 Funds For July

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U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Great Ajax Corp. (NYSE: AJX) to Ellington Financial Inc. (NYSE: EFC). Under the terms of the proposed transaction, shareholders of Great Ajax will receive 0.5308 shares of Ellington for each share of Great Ajax that they own, subject to potential adjustment and payment of contingent cash consideration. KSF is.

GREAT AJAX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Great Ajax Corp. - AJX

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I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream assets or master limited partnerships (MLPs). Regulated investment companies (RICs) offer high-yield distributions due to tax laws that regulate them and require them to distribute at least 90% of net income to shareholders. I provide specific recommendations for BDCs, REITs, and CEFs, including Trinity Capital, FS KKR Capital, Cion Investment Corp., and others that yield 12% or more annually.

A Dozen Income Picks Yielding 12% Or More

Ellington Financial Inc., a real estate investment trust, is leveraging mergers and acquisitions for long-term growth, despite a 10.74% loss in shares over the past year. The company has announced merger agreements with Great Ajax Corp. and Arlington, which are expected to increase liquidity, operational efficiency, and diversify its portfolio. Ellington Financial has consistently distributed quarterly dividends since 2010, with a relative dividend yield of 13.3% as of July 5, 2023, higher than the industry median.

Ellington Financial: Impending Acquisitions, A Potential Turning Point

Dividend payments typically reach shareholders quarterly or annually in the stock market. However, some companies, particularly Real Estate Investment Trusts (REITs), distribute dividends monthly.

3 Monthly Dividend Stocks to Buy in July for a Passive Income Stream

Great Ajax Corp. AJX, +2.00% stock is rallying 9% in premarket trades Monday after it agreed to be acquired by Ellington Financial Inc. EFC, +0.44% for about $173 million in stock. Ellington Financial said each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock, or approximately 12.5 million shares of Ellington Financial common stock valued at about $172.5 million.

Great Ajax stock rallies after Ellington Financial agrees to buy it at a premium in REIT merger

OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE: AJX) (“Great Ajax”), a real estate investment trust that invests primarily in residential mortgage loans, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acq.

Ellington Financial and Great Ajax Corp. Announce Definitive Merger Agreement

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U.S. equity markets closed-out a volatile first-half at their highest-levels of the year as investors cheered data showing continued resilience in economic activity alongside further signs of cooling inflationary pressure. Rebounding from its worst week since March, the S&P 500 advanced 2.3% to close at its highest-levels since April 2022. The Mid-Cap 400 and Small-Cap 600 each rallied over 4%. Lifted by a recovery in the most beaten-down property sectors, real estate equities led the rally on the week. The Equity REIT Index advanced 4.3% while Mortgage REITs surged 6%.

REITs Lead Quarter-End Rally

B. Riley Financial

We take a look at the action in preferreds and baby bonds through the third week of June and highlight some of the key themes we are watching. Preferreds were roughly flat as higher Treasury yields were offset by tighter credit spreads. We take a look at a couple of pricing discrepancies in the B. Riley Financial senior security suite, which are indicative of broader market inefficiencies.

Preferreds Weekly Review: Pricing Inefficiencies Continue To Persist

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $14.55 as of May 31, 2023. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on June 26, 2023 to holders of record on May 31, 2023, with an ex-dividend date of May 30, 2023. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common.

Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2023

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Imagine stocks or funds that pay out their dividends once a month!  Your angst waiting for money is reduced by 300%, or more; unlike waiting for quarterly, semi-annual or (ugh) annual payouts. These May U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (83); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >9.97% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. All per prices as of 6/16/23.

81 Monthly-Paying Dividend Stocks And 80 Funds For June

Ellington Financial (EFC) enters into an agreement to acquire Arlington (AAIC) in a stock-and-cash transaction. This deal is likely to increase scale and provide greater access to capital markets.

Ellington Financial (EFC) Agrees to Acquire Arlington (AAIC)

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Rates Up, REITs Down? Whether fundamentally justified or not, commercial and residential real estate markets continue to bear the brunt of the Federal Reserve's historically swift monetary tightening cycle. Commercial real estate, in particular, has been the boogeyman that bank executives have blamed for unrelated distress. While there are pockets of distress, actual default rates remain historically low. The pockets of distress are almost entirely debt-driven, with the notable exception of coastal urban office properties. Nearly every property sector reported "same-store" property-level income above pre-pandemic levels.

State Of REITs: Distress Brings Opportunity

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12% Or Higher Dividend Yields With 15% To 32% Discounts

Ellington Financial announced a definitive stock and cash merger agreement with Arlington Asset Investment Corp., offering numerous benefits to both companies. The merger is anticipated to be accretive to Ellington Financial's earnings in 2023 and book value within one year of closing, with enhanced long-term growth potential. There may still be some arbitrage opportunity in buying Arlington common post-announcement, with the potential for trading gains for those willing to take the risk.

Ellington Financial And Arlington Asset Investment To Merge, M&A Arbitrage Play

Arlington Asset Investment Corp.'s stock AAIC, +1.85% is rallying 50% in premarket trades Tuesday after Ellington Financial Inc. EFC, +4.07% said it would pay about $4.77 a share for the real estate investment trust in a cash and stock acquisition. The estimated market capitalization of the combined company is expected to exceed $1 billion.

Ellington Financial buying Arlington Asset Management in $1 bln deal

− Transaction Provides Increased Scale and Enhanced Access to Capital Markets – − Aligned Platforms and Capital Expected to Drive Earnings Accretion and Sustained Long-Term Growth − OLD GREENWICH, Conn. , May 30, 2023 /PRNewswire/ -- Ellington Financial Inc. (NYSE: EFC) ("Ellington Financial"), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) ("Arlington"), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financial will acquire Arlington.

ELLINGTON FINANCIAL AND ARLINGTON ASSET INVESTMENT CORP. ANNOUNCE DEFINITIVE MERGER AGREEMENT

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Arlington Asset Investment Corp. (NYSE: AAIC) (“Arlington”), a real estate investment trust that invests primarily in mortgage-related and other assets, announced today that they have entered into a definitive merger agreement pursuant to which Ellington Financ.

Ellington Financial and Arlington Asset Investment Corp. Announce Definitive Merger Agreement

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Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These May U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (83); 2. Stocks by price upside (30); 3. Closed-End Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.56% (80).

83 Monthly-Paying Dividend Stocks And 80 Funds For May

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced its estimated book value per share of common stock of $14.89 as of April 30, 2023. This estimate includes the effect of the previously announced monthly dividend of $0.15 per share of common stock, payable on May 25, 2023 to holders of record on April 28, 2023, with an ex-dividend date of April 27, 2023. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per co.

Ellington Financial Announces Estimated Book Value Per Common Share as of April 30, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that at its annual meeting of stockholders held on Tuesday May 16, 2023, its stockholders voted to adopt an amendment to its Certificate of Incorporation (its “Charter”) to increase the authorized number of shares of its common stock from 100,000,000 to 200,000,000 shares, with a corresponding increase in the total authorized number of shares from 200,000,000 to 300,000,000 shares (the “S.

Ellington Financial Announces Common Stock Authorization

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U.S. equity markets finished lower for a second-straight week as data showing an encouraging cooldown of inflationary pressures was offset by ongoing regional bank instability and an unresolved debt ceiling standoff. Declining for a second week after ending April at its highest levels of the year, the S&P 500 slipped 0.3% on the week, but the tech-heavy Nasdaq 100 gained nearly 1%.

Inflation Cools, But Nobody Believes It

Ellington Financial Inc. (NYSE:EFC ) Q1 2023 Results Conference Call May 9, 2023 11:00 AM ET Company Participants Alaael Deen Shilleh - Associate General Counsel Larry Penn - CEO Mark Tecotzky - Co-CIO JR Herlihy - CFO Conference Call Participants Crispin Love - Piper Sandler Trevor Cranston - JMP Securities Doug Harter - Credit Suisse Bose George - KBW Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Financial Inc. (EFC) Q1 2023 Earnings Call Transcript

News for Ellington Financial Stock (EFC)