MFA Financial Rating Increased to Neutral at Zacks (MFA)
MFA Financial (NYSE:MFA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a $7.40 price target on the stock. Zacks‘ target price suggests a potential upside of 2.49% from the stock’s previous close.
A number of other analysts have also recently weighed in on MFA. Analysts at FBR Capital Markets cut their price target on shares of MFA Financial from $9.00 to $8.25 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of MFA Financial from $8.50 to $8.00 in a research note to investors on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $8.49.
MFA Financial (NYSE:MFA) traded down 0.42% during mid-day trading on Tuesday, hitting $7.19. The stock had a trading volume of 1,602,479 shares. MFA Financial has a 52-week low of $6.98 and a 52-week high of $9.59. The stock’s 50-day moving average is $7.1 and its 200-day moving average is $7.47. The company has a market cap of $2.633 billion and a P/E ratio of 9.41.
MFA Financial (NYSE:MFA) last announced its earnings results on Monday, November 4th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.02. During the same quarter in the previous year, the company posted $0.21 earnings per share. Analysts expect that MFA Financial will post $0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Friday, December 27th.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.