MFA Financial, Inc. (NYSE:MFA) Receives Average Recommendation of “Hold” from Brokerages
Shares of MFA Financial, Inc. (NYSE:MFA) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.92.
MFA has been the subject of a number of recent research reports. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 price objective on shares of MFA Financial in a research note on Thursday, April 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a research note on Friday, May 5th. Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. Finally, BidaskClub upgraded MFA Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th.
MFA Financial (NYSE:MFA) traded down 0.751% during midday trading on Monday, reaching $8.585. The company had a trading volume of 749,088 shares. The stock has a market capitalization of $3.20 billion, a PE ratio of 10.772 and a beta of 0.72. MFA Financial has a 12-month low of $7.03 and a 12-month high of $8.67. The company has a 50-day moving average of $8.35 and a 200-day moving average of $8.08.
MFA Financial (NYSE:MFA) last announced its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The business 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 firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, analysts predict that MFA Financial will post $0.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, June 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend is Tuesday, June 27th. MFA Financial’s dividend payout ratio is currently 102.57%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new position in MFA Financial during the first quarter valued at $105,000. World Asset Management Inc boosted its position in MFA Financial by 0.7% in the first quarter. World Asset Management Inc now owns 13,255 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 90 shares in the last quarter. Koch Industries Inc. acquired a new position in MFA Financial during the first quarter valued at $109,000. Meadow Creek Investment Management LLC boosted its position in MFA Financial by 10.3% in the first quarter. Meadow Creek Investment Management LLC now owns 13,552 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,260 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MFA Financial by 18.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,336 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,198 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.
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MFA Financial Company Profile
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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