MFA Financial Price Target Cut to $8.00 by Analysts at Morgan Stanley (MFA)
Investment analysts at Morgan Stanley decreased their price objective on shares of MFA Financial (NYSE:MFA) from $8.50 to $8.00 in a note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 5.82% from the stock’s previous close.
MFA Financial (NYSE:MFA) traded up 0.40% on Thursday, hitting $7.56. 3,696,061 shares of the company’s stock traded hands. MFA Financial has a 52 week low of $6.98 and a 52 week high of $9.59. The stock has a 50-day moving average of $7.3 and a 200-day moving average of $8.37. The company has a market cap of $2.741 billion and a P/E ratio of 9.48.
MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.02. Analysts expect that MFA Financial will post $0.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 11.64%. The ex-dividend date is Wednesday, October 9th.
Several other analysts have also recently commented on the stock. Analysts at Compass Point initiated coverage on shares of MFA Financial (NYSE:MFA) in a research note to investors on Monday, September 16th. They set a “buy” rating and a $8.50 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of MFA Financial (NYSE:MFA) from $8.50 to $8.00 in a research note to investors on Tuesday, August 6th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of MFA Financial (NYSE:MFA) from $10.00 to $9.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $8.75.
MFA Financial, Inc, is engaged in the business of investing, on a leveraged basis, in residential Agency mortgage-backed securities (NYSE:MFA) and Non-Agency MBS.
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