MFA Financial, Inc. (MFA) Stock Rating Lowered by BidaskClub
MFA Financial, Inc. (NYSE:MFA) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.
A number of other brokerages have also issued reports on MFA. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 target price on shares of MFA Financial in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.69.
MFA Financial (NYSE:MFA) traded up 0.35% on Friday, hitting $8.72. The stock had a trading volume of 3,377,701 shares. The stock’s 50 day moving average is $8.74 and its 200 day moving average is $8.38. MFA Financial has a one year low of $7.03 and a one year high of $8.90. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 11.00 and a beta of 0.71.
MFA Financial (NYSE:MFA) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. MFA Financial’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Analysts anticipate that MFA Financial will post $0.77 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its holdings in shares of MFA Financial by 5.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 678 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of MFA Financial during the first quarter valued at $105,000. World Asset Management Inc grew its holdings in shares of MFA Financial by 0.7% during 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. purchased a new position in shares of MFA Financial during the first quarter valued at $109,000. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of MFA Financial by 10.3% during 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. Institutional investors and hedge funds own 80.10% of the company’s stock.
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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