BTIG Downgrades Ellington Financial (EFC) as Premium Valuation Weighs on Outlook

With an annual dividend yield of 11.50%, Ellington Financial Inc. (NYSE:EFC) is included among the Top 10 Dividend Stocks with 10%+ Yield.

On June 17, BTIG downgraded Ellington Financial Inc. (NYSE:EFC) to Neutral from Buy. It did not assign a price target to the stock. The firm said residential credit-focused mortgage real estate investment trusts offer more attractive valuations than agency-focused peers, along with greater long-term book value upside. BTIG cited Ellington's "premium valuation" as the main reason for the downgrade. According to the analyst, the company has only a limited history of trading at a premium to book value, which reduces the potential upside for the shares.

During its first-quarter 2026 earnings call, CEO, President & Director Laurence Penn said Ellington Financial delivered an exceptionally strong quarter, supported by solid GAAP net income and adjusted distributable earnings.

Penn said the company reported GAAP net income of $0.78 per share, generated an annualized economic return of 26%, and increased book value per share by 3% even after paying dividends. He also pointed to Longbridge's performance, saying the business posted one of its strongest

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/btig-downgrades-ellington-financial-efc-184133701.html)