State Street boosts Ellington Financial stake as EFC stock sits 17.92 percent below high

Published on 10/05/2026 at 20:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted earnings hit USD 0.60 versus USD 0.46 consensus in the second quarter. EFC stock costs EUR 10.28 on October 5, 2026 after EUR 10.33.

EFC, US28852N1090, Illustration mit AI erstellt.

State Street increased its Ellington Financial position by 7.50 percent during the second quarter of 2026, while EFC stock stood 17.92 percent below its USD 14.12 52-week high on the latest completed U.S. session. Beinsure reported on October 3, 2026 that State Street held 4.95 million shares at June 30 after adding 347,567 shares.

Institutional ownership meets earnings

The position was valued at USD 68.04 million at June 30, 2026, giving the filing a concrete scale beyond the headline ownership change. Ellington Financial's latest quarterly result also showed adjusted distributable earnings of USD 0.60 per common share, up from USD 0.55 in the first quarter of 2026, according to Beinsure.

That adjusted figure exceeded the USD 0.46 consensus estimate for the second quarter of 2026. Net income attributable to common stockholders was USD 54.40 million, or USD 0.43 per share, while book value reached USD 13.61 per share at June 30, 2026.

Dividend supports the income case

Ellington Financial declared a monthly common dividend of USD 0.13 per share payable October 30, 2026 to shareholders of record on September 30, 2026, according to Marketscreener. The monthly rate equals USD 1.56 on an annualized basis, a key part of the mortgage REIT's shareholder-return profile.

MarketBeat listed a USD 14.50 average price target and a Hold consensus based on four analyst ratings on its October 5, 2026 page, while its stated market price was USD 11.59 at the October 2 close. That target stands 25.12 percent above the USD 11.59 price, but the comparison uses the NYSE quotation rather than the euro reference price.

NYSE listing and portfolio scale

Ellington Financial identifies its common stock as NYSE:EFC and describes a portfolio spanning mortgage-related, consumer-related, corporate-related and other financial assets. The company reported USD 21.03 billion of total assets and USD 289.85 million of cash at June 30, 2026 in standardized quarterly figures.

Stock trades below prior close

EFC was trading at EUR 10.28 at Lang & Schwarz on October 5, 2026 at 8:44 p.m. CEST, down 0.48 percent versus the prior close of EUR 10.33 on October 2, 2026. The reference price is an after-hours euro indication for German-market investors, while the primary listing remains the NYSE.