MFA Financial, Inc. (MFA) Scheduled to Post Quarterly Earnings on Wednesday
MFA Financial, Inc. (NYSE:MFA) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
MFA Financial (NYSE:MFA) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $61.14 million during 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%. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. On average, analysts expect MFA Financial to post $0.79 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Shares of MFA Financial, Inc. (NYSE MFA) opened at 8.64 on Wednesday. MFA Financial, Inc. has a 12-month low of $7.17 and a 12-month high of $8.90. The company’s 50-day moving average price is $8.74 and its 200 day moving average price is $8.52. The firm has a market capitalization of $3.42 billion, a PE ratio of 10.90 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 9.26%. The ex-dividend date is Wednesday, September 27th. MFA Financial’s dividend payout ratio (DPR) is 102.56%.
MFA has been the subject of several research reports. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub lowered MFA Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. MFA Financial currently has an average rating of “Hold” and an average target price of $8.81.
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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