MFA Financial, Inc. (MFA) Given Consensus Recommendation of “Hold” by Analysts
MFA Financial, Inc. (NYSE:MFA) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.50.
MFA has been the topic of a number of analyst reports. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a research note on Friday, August 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a research note on Friday, August 4th. Finally, BidaskClub cut MFA Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th.
A number of institutional investors and hedge funds have recently modified their holdings of MFA. Public Employees Retirement Association of Colorado grew its stake in MFA Financial by 5.8% during the 2nd 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 acquiring an additional 678 shares in the last quarter. Benchmark Capital Advisors grew its stake in MFA Financial by 0.4% during the 2nd quarter. Benchmark Capital Advisors now owns 248,722 shares of the real estate investment trust’s stock valued at $2,087,000 after acquiring an additional 900 shares in the last quarter. Nuveen Asset Management LLC grew its stake in MFA Financial by 0.3% during the 1st quarter. Nuveen Asset Management LLC now owns 288,258 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 916 shares in the last quarter. World Asset Management Inc grew its stake in MFA Financial by 7.9% during the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Pacad Investment Ltd. grew its stake in MFA Financial by 1.4% during the 2nd quarter. Pacad Investment Ltd. now owns 78,300 shares of the real estate investment trust’s stock valued at $657,000 after acquiring an additional 1,100 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MFA Financial (NYSE:MFA) opened at 8.64 on Wednesday. The firm has a market capitalization of $3.42 billion, a PE ratio of 10.90 and a beta of 0.71. The company has a 50-day moving average of $8.74 and a 200-day moving average of $8.52. MFA Financial has a 52 week low of $7.17 and a 52 week high of $8.90.
MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $61.14 million for the quarter, compared to analysts’ expectations 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 was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. On average, equities analysts forecast that MFA Financial will post $0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Thursday, September 28th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 9.26%. MFA Financial’s dividend payout ratio is currently 102.56%.
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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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