UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Ellington Financial LLC on Diluted BVPS

In a report published Friday, Deutsche Bank reiterated its Buy rating on Ellington Financial LLC

, but lowered its price target from $28.25 to $27.00. Deutsche Bank noted, “Diluted BVPS at $24.52 as of Feb 28; Down 4.6% since Jan 31 Ellington reported diluted BVPS of $24.52 as of February 28, which decreased from January 31 BVPS of $25.69. Ellington's diluted book value gives effect to the previously announced 4Q regular and special dividends totaling $1.52 per share. Both dividends are payable on March 15 to holders of record on March 1, with an ex-dividend date of February 27.” Ellington Financial LLC closed on Thursday at $24.90.