EFC stock trades at EUR 10.68 as funding expands

Published on 09/30/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EFC stock delivered adjusted distributable earnings of USD 0.60 per share in Q2 2026. Ellington Financial expanded senior notes to USD 150.0 million at a 7.375 percent coupon.

EFC, US28852N1090, Illustration mit AI erstellt.

EFC stock, the common shares of Ellington Financial Inc. (ISIN US28852N1090), was trading at EUR 10.68 at Lang & Schwarz on September 30, 2026 at 11:10 a.m. CEST. The latest company catalyst is a larger senior-notes offering that strengthens funding capacity while adding fixed-cost debt.

Notes rise from USD 100 million

On September 14, 2026, StockTitan reported that Ellington Financial priced USD 150.0 million of 7.375 percent senior unsecured notes due 2030, up from the previously announced USD 100.0 million. The notes were issued at 99.010 percent of principal and carried a 7.663 percent yield to maturity.

According to StockTitan, the proceeds are intended for general corporate purposes, including repayment of repurchase-agreement borrowings and purchases of additional assets. For a mortgage-focused REIT, the 50.0 percent increase in the planned offering puts balance-sheet flexibility alongside portfolio growth.

Q2 earnings beat consensus

Ellington Financial reported Q2 2026 net income attributable to common stockholders of USD 54.4 million, or USD 0.43 per share, while adjusted distributable earnings reached USD 75.5 million, or USD 0.60 per share, according to StockTitan on August 6, 2026.

MarketBeat reported that the USD 0.60 adjusted EPS figure exceeded the USD 0.46 consensus by USD 0.14, while quarterly revenue reached USD 134.11 million versus USD 114.59 million expected. That comparison gives the debt expansion a stronger operating backdrop than a funding announcement alone.

Book value and dividend set the frame

On September 24, 2026, Ellington Financial announced an estimated book value of USD 13.62 per common share as of August 31, 2026, including the effect of a USD 0.13 monthly dividend, according to Business Wire. The company also declared the USD 0.13 payment for October 30, 2026 to shareholders of record on September 30, 2026, as listed by StockTitan.

Credit quality is another part of the picture. On September 8, 2026, Moody's affirmed the Ba3 corporate family rating and changed the outlook to positive from stable, citing funding, earnings performance and asset quality, according to Business Wire.

EUR 10.68 in trading

The Lang & Schwarz quote showed EUR 10.68 for EFC on September 30, 2026 at 11:10 a.m. CEST. On the NYSE, EFC was last at USD 12.18 on September 29, 2026 at 4:00 p.m. ET; the 52-week range was USD 11.28 to USD 14.12 and market capitalization was USD 1.5 billion at that snapshot. The combination of a USD 13.62 estimated book value and the current funding program gives investors two concrete markers for assessing the mortgage REIT.