EFC

Over the past six months, Ellington Financial has consistently declared monthly common dividends and announced its estimated book value per common share. The company also announced, upsized, priced, and closed an offering of senior unsecured notes. The stock experienced an approximate 10% decline due to macroeconomic headwinds such as rising interest rates and the market's 'higher for longer' yield outlook, which negatively impacted the entire REIT sector and increased the cost of capital. Despite reporting Q2 2026 revenues and adjusted EPS that exceeded analyst expectations, the stock was down 11.3% post-reporting, suggesting investor expectations might have been higher than published projections.