MFA Financial, Inc. (MFA) Downgraded to Hold at BidaskClub
MFA Financial, Inc. (NYSE:MFA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.
MFA has been the topic of several other reports. Zacks Investment Research upgraded MFA Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 target price on shares of MFA Financial in a research report on Friday, August 4th. Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. MFA Financial currently has a consensus rating of “Hold” and a consensus price target of $8.45.
MFA Financial (MFA) traded up 0.35% during mid-day trading on Friday, hitting $8.66. The company had a trading volume of 383,561 shares. The firm’s 50 day moving average is $8.71 and its 200 day moving average is $8.35. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.92 and a beta of 0.71. MFA Financial has a 52 week low of $7.03 and a 52 week high of $8.90.
MFA Financial (NYSE:MFA) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $61.14 million for the quarter, compared to the consensus estimate of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. MFA Financial’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts predict that MFA Financial will post $0.77 EPS for the current year.
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A number of large investors have recently bought and sold shares of MFA. Glen Harbor Capital Management LLC raised its holdings in MFA Financial by 10.3% during the first quarter. Glen Harbor Capital Management LLC now owns 16,456 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 1,530 shares during the period. Russell Investments Group Ltd. raised its holdings in MFA Financial by 34.9% during the first quarter. Russell Investments Group Ltd. now owns 475,335 shares of the real estate investment trust’s stock valued at $3,842,000 after acquiring an additional 123,042 shares during the period. Wells Fargo & Company MN raised its holdings in MFA Financial by 12.6% during the first quarter. Wells Fargo & Company MN now owns 5,046,957 shares of the real estate investment trust’s stock valued at $40,778,000 after acquiring an additional 564,175 shares during the period. Chicago Equity Partners LLC bought a new stake in MFA Financial during the first quarter valued at about $105,000. Finally, Suntrust Banks Inc. raised its holdings in MFA Financial by 0.4% during the first quarter. Suntrust Banks Inc. now owns 63,276 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 248 shares during the period. 80.10% of the stock is currently owned by institutional investors and hedge funds.
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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