Ellington Financial Inc.
Ellington Financial Inc. (EFC) is listed on NYSE and classified in REIT - Mortgage, part of the Real Estate sector. It is headquartered in Old Greenwich, United States and has 500 employees. The company is worth $1.53B and trades at 7.2x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $336.44M in fiscal 2025, up 10.1% from the year before. Net income was $118.74M. The share price is 17.5% below its 52-week high of $14.12. It pays a dividend yielding 13.39%. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $9.38M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -29.7% over 5Y.
today you would have $1,188.23▲ +18.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $13.58 | $12.12 | $12.71 | $12.37 | $17.09 | $14.84 | $18.33 | $15.33 | $14.51 | $15.52 | $16.78 | $19.96 | $22.67 | $22.46 | $17.17 | $22.24 | |
| P/E | 10.3x | 11.4x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 13.4% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 10.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CBLCBL & Associates Properties Inc | $49.83 | 7.2x | 3.6x | 5.02% | 61.93% | $1.54B |
| ESRTEmpire State Realty Trust, Inc. | $4.93 | 246.5x | 0.8x | 2.84% | 0.52% | $1.51B |
| IIPRInnovative Industrial Properties Inc | $54.56 | 11.9x | 0.9x | 13.93% | 7.38% | $1.5B |
| BXDCBlackstone Digital Infrastructure Trust Inc. |
| 8.9x |
| 14.3x |
| — |
| 6.6x |
| 38.1x |
| 10.4x |
| 10.1x |
| 14.0x |
| — |
| 14.8x |
| 9.6x |
| 6.9x |
| 4.2x |
| 28.1x |
| 7.3x |
| P/S | 6.5x | 5.0x | 3.6x | 3.9x | 14.1x | 6.5x | 13.9x | 8.7x | — | — | — | — | — | — | — | — | — |
| P/B | 0.8x | 0.9x | 0.7x | 0.7x | 0.7x | 0.8x | 0.7x | 1.0x | 0.8x | 0.7x | 0.8x | 0.8x | 0.9x | 0.9x | 0.9x | 0.8x | 0.9x |
| EPS | $1.19 | $1.36 | $0.89 | -$1.43 | $2.58 | $0.39 | $1.76 | $1.52 | $1.04 | -$0.48 | $1.13 | $2.09 | $3.28 | $5.31 | $0.61 | $3.04 |
| Dividend yield | 12.35% | 11.49% | 13.20% | 14.16% | 14.55% | 9.60% | 8.49% | 9.87% | 10.70% | 12.13% | 12.56% | 14.60% | 15.43% | 16.89% | 11.13% | 14.62% | 3.60% |
| Payout | 124.37% | 131.09% | 117.65% | 202.25% | — | 63.57% | 323.08% | 102.84% | 107.89% | 169.23% | — | 216.81% | 147.37% | 116.77% | 47.08% | 411.48% | 26.32% |
| Profit margin | 36.96% | 35.29% | 38.55% | 21.99% | -142.25% | 82.99% | 36.96% | 60.55% | — | — | — | — | — | — | — | — | — |
| ROE | 6.64% | 6.47% | 7.50% | 4.01% | -7.14% | 9.71% | 1.95% | 6.81% | 8.28% | 5.66% | -2.51% | 5.20% | 7.56% | 12.66% | 19.19% | 2.78% | 10.05% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 8.8% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+121.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $15.64 |
| — |
| 0.8x |
| 0.00% |
| — |
| $1.57B |
| MPTMedical Properties Trust Inc | $2.71 | — | 0.4x | 13.28% | -0.62% | $1.62B |
| AATAmerican Assets Trust, Inc. | $21.29 | 71.0x | 1.2x | 6.39% | 2.16% | $1.65B |