Ellington Financial Inc. (NYSE:EFC) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Ellington Financial Inc. (NYSE:EFC) has received a consensus “Moderate Buy” rating from six brokerages, with an average 12-month price target of $14.56. While the company declared a monthly dividend with an annualized yield of about 13.3%, its high payout ratio of 126.83% raises concerns about sustainability. Institutional investors have shown significant activity, with Amundi more than doubling its stake, and institutions now owning approximately 55.62% of EFC shares.

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