BidaskClub Upgrades MFA Financial, Inc. (MFA) to “Strong-Buy”
MFA Financial, Inc. (NYSE:MFA) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a report on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.00 target price on shares of MFA Financial in a report on Thursday, April 6th. Finally, Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.11.
Shares of MFA Financial (NYSE MFA) traded up 0.23% during mid-day trading on Monday, reaching $8.60. The company’s stock had a trading volume of 1,940,524 shares. The company has a market cap of $3.21 billion, a PE ratio of 10.79 and a beta of 0.72. MFA Financial has a 52-week low of $6.83 and a 52-week high of $8.62. The company has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.03.
MFA Financial (NYSE:MFA) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $66.91 million during the quarter, compared to analysts’ expectations of $65.97 million. MFA Financial had a return on equity of 10.36% and a net margin of 61.22%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities analysts expect that MFA Financial will post $0.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, June 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Tuesday, June 27th. MFA Financial’s dividend payout ratio is currently 102.57%.
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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of MFA Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 29,874,948 shares of the real estate investment trust’s stock worth $241,389,000 after buying an additional 1,498,013 shares in the last quarter. BlackRock Inc. raised its stake in shares of MFA Financial by 13,441.2% in the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock worth $189,346,000 after buying an additional 23,260,960 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of MFA Financial by 1.5% in the first quarter. Wellington Management Group LLP now owns 12,719,160 shares of the real estate investment trust’s stock worth $102,772,000 after buying an additional 188,153 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MFA Financial by 3.3% in the first quarter. Geode Capital Management LLC now owns 5,932,340 shares of the real estate investment trust’s stock worth $47,933,000 after buying an additional 189,548 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of MFA Financial by 12.6% in the first quarter. Wells Fargo & Company MN now owns 5,046,957 shares of the real estate investment trust’s stock worth $40,778,000 after buying an additional 564,175 shares in the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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