MFA Financial (MFA) Announces Quarterly Earnings, Beats Estimates By $0.02 EPS
MFA Financial (NYSE:MFA) released its earnings data on Wednesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02, Stock Ratings Network.com reports.
MFA Financial (NYSE:MFA) opened at 7.73 on Wednesday. MFA Financial has a one year low of $6.98 and a one year high of $9.59. The stock has a 50-day moving average of $7.24 and a 200-day moving average of $7.35. The company has a market cap of $2.822 billion and a price-to-earnings ratio of 9.76.
A number of analysts have recently weighed in on MFA shares. Analysts at Jefferies Group raised their price target on shares of MFA Financial from $7.00 to $8.00 in a research note on Friday, February 14th. Analysts at Zacks upgraded shares of MFA Financial from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 14th. They now have a $7.40 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. MFA Financial has a consensus rating of “Buy” and a consensus price target of $8.29.
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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