Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments; and consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.
Metrics to compare | EFC | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipEFCPeersSector | |
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P/E Ratio | 10.7x | 13.7x | 9.0x | |
PEG Ratio | 0.49 | 0.06 | 0.03 | |
Price/Book | 0.9x | 0.8x | 1.0x | |
Price / LTM Sales | 4.0x | 5.2x | 2.8x | |
Upside (Analyst Target) | 10.3% | 16.9% | 12.2% | |
Fair Value Upside | Unlock | 11.2% | 3.2% | Unlock |