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Ellington Financial ( (EFC) ) has shared an announcement.
On January 28, 2026, Ellington Financial Inc. announced that its board had authorized the full redemption of all 4.6 million outstanding shares of its 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, with the redemption scheduled to occur on February 27, 2026 at $25.00 per share plus accrued and unpaid dividends up to, but excluding, the redemption date. Following the redemption, the Series A preferred shares will cease to be outstanding, dividends will stop accruing, shareholders’ rights tied to the issue will terminate, and the securities will be suspended from trading on the NYSE before the market opens on February 27, 2026, marking a simplification of Ellington Financial’s capital structure and the removal of this preferred series from public markets.
The most recent analyst rating on (EFC) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Ellington Financial stock, see the EFC Stock Forecast page.
Spark’s Take on EFC Stock
According to Spark, TipRanks’ AI Analyst, EFC is a Neutral.
The score is held back primarily by high leverage and negative recent cash flow, despite strong reported profitability. Offsetting factors include a supportive earnings-call outlook with record ADE and improved financing actions, plus an income-friendly valuation (low P/E and high yield). Technical signals are neutral and do not materially improve or worsen the outlook.
To see Spark’s full report on EFC stock, click here.
More about Ellington Financial
Ellington Financial Inc. is a specialty finance company that invests in a broad range of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, and debt and equity investments in loan origination companies and other strategic investments. The company is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
Average Trading Volume: 1,662,603
Technical Sentiment Signal: Buy
Current Market Cap: $1.54B
For a thorough assessment of EFC stock, go to TipRanks’ Stock Analysis page.