Ellington Financial (EFC)
Invests in mortgage credit while Longbridge originates and services reverse mortgages.
Something off on this page? Send us feedback.
Runs a REIT portfolio of mortgage-related, consumer, corporate, and other financial assets, paired with Longbridge's reverse-mortgage origination and servicing platform. The business combines externally managed credit investing with operating exposure to HECM and proprietary reverse-mortgage markets.
Operates through an Investment Portfolio Segment that buys and manages residential and commercial mortgage loans, RMBS, CMBS, consumer loans and ABS, CLOs, mortgage servicing rights, derivatives, and strategic investments in loan originators. The portfolio is concentrated in U.S. mortgage and structured-credit assets, with a small Agency RMBS strategy inside the broader credit book.
Adds Longbridge as a consolidated reverse-mortgage platform. Longbridge originates, purchases, sells, services, and invests in HECM and proprietary reverse mortgage loans, giving the REIT an operating channel alongside its investment portfolio.
Depends on Ellington Financial Management and the wider Ellington platform for portfolio management, research, models, deal flow, risk tools, capital structuring, and hedging. The business is shaped by financing access, mortgage-credit spreads, securitization execution, REIT qualification, and FHA/HUD/Ginnie Mae reverse-mortgage rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 17, 2026 | BTIG | Downgrade | ||
| Aug 13, 2025 | Jones Trading | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $247.5M · Total debt $18.49B · Total assets $21.03B · Shareholders' equity $1.97B
- Revenue
- $174.9M
- Operating income
- $145.7M
- Net income
- $58.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | 50.76% | 65.42M shares | |
|---|---|---|---|
| 255 holders · as of Jun 30, 2026 | |||
| Insiders | 0.15% | 189.1K shares | |
| 2 holders · as of Sep 10, 2026 | |||
| Other | 49.09% | 63.27M shares | |
| remainder | |||
128.89M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.20% | 20.88M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.14% | 5.34M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.84% | 4.95M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.47% | 3.18M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 1.74% | 2.25M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2025 | Ronald I. Simon | director | +5,544 | $13.56 |
- Rithm Capital
Broad mortgage-credit, MSR, and lending-platform overlap
- MFA Financial
Residential mortgage credit peer with whole-loan and Non-QM overlap
- Annaly Capital Management
Large mortgage REIT across Agency, residential credit, and MSRs
- Finance of America
Public reverse-mortgage peer for Longbridge's HECM and proprietary loans
- Chimera Investment
Hybrid residential credit REIT with loan, RMBS, and BPL overlap
- Redwood Trust
Housing-credit platform spanning mortgage banking and retained investments
- PennyMac Mortgage Investment Trust
Residential mortgage REIT with MSR, CRT, and production-channel overlap
- Starwood Property Trust
Commercial mortgage REIT overlap in bridge loans and CMBS/CRE debt
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ellington Financial | $12.71 | +0.75% | $1.58B | 7.7 | 6.6 | 2.3 | +184.1% |
| Rithm Capital | $9.67 | +1.20% | $5.33B | 15.9 | 4.3 | 0.9 | +205.4% |
| MFA Financial | $8.52 | +0.83% | $862.7M | 7.0 | 6.6 | 1.1 | −4.4% |
| Annaly Capital Management | $21.38 | +0.31% | $16.06B | 5.3 | 6.9 | 2.2 | −50.1% |
| Finance of America | $15.21 | +4.18% | $130.5M | — | 3.0 | 0.1 | −64.8% |
| Chimera Investment | $11.11 | +0.77% | $921.8M | — | 6.0 | 1.4 | −64.4% |
| Redwood Trust | $4.09 | +1.24% | $507.5M | — | 4.3 | 0.4 | +68.5% |
| PennyMac Mortgage Investment Trust | $9.02 | +1.52% | $774.4M | 6.2 | 7.1 | 0.5 | +1,323.8% |
| Starwood Property Trust | $15.13 | +0.83% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| Median | 7.0 | 6.3 | 1.0 | +1.8% |