MFA Financial, Inc. (NYSE:MFA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $9.75 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.92% from the stock’s previous close.

According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “

Other equities analysts have also recently issued research reports about the stock. BidaskClub raised shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 price target on shares of MFA Financial in a research note on Wednesday, June 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MFA Financial currently has a consensus rating of “Buy” and an average price target of $8.81.

MFA Financial (NYSE MFA) opened at 8.79 on Wednesday. The company has a market capitalization of $3.48 billion, a P/E ratio of 11.08 and a beta of 0.71. MFA Financial has a 1-year low of $7.03 and a 1-year high of $8.90. The firm has a 50-day moving average price of $8.77 and a 200-day moving average price of $8.45.

MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. On average, analysts forecast that MFA Financial will post $0.77 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of MFA Financial by 5.3% during the second quarter. Public Employees Retirement System of Ohio now owns 190,112 shares of the real estate investment trust’s stock valued at $1,595,000 after purchasing an additional 9,580 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in MFA Financial by 8.9% during the second quarter. Sterling Capital Management LLC now owns 103,696 shares of the real estate investment trust’s stock worth $870,000 after purchasing an additional 8,437 shares during the last quarter. IHT Wealth Management LLC purchased a new position in MFA Financial during the second quarter worth about $291,000. Arrowstreet Capital Limited Partnership boosted its holdings in MFA Financial by 26.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,320,780 shares of the real estate investment trust’s stock worth $44,641,000 after purchasing an additional 1,102,099 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in MFA Financial by 55.0% during the second quarter. Cubist Systematic Strategies LLC now owns 41,546 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 14,746 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

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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