MFA Financial, Inc. (MFA) Stock Rating Lowered by BidaskClub
MFA Financial, Inc. (NYSE:MFA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Several other analysts also recently weighed in on MFA. Zacks Investment Research downgraded MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price objective on shares of MFA Financial in a research report on Friday, August 4th. Finally, JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.81.
Shares of MFA Financial (NYSE:MFA) opened at 8.40 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 10.59 and a beta of 0.71. The firm has a 50-day moving average price of $8.73 and a 200 day moving average price of $8.52. MFA Financial has a 12-month low of $7.17 and a 12-month high of $8.90.
MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The company had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts predict that MFA Financial will post $0.77 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its holdings 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 purchasing an additional 678 shares in the last quarter. Franklin Resources Inc. acquired a new stake in MFA Financial during the 2nd quarter valued at $116,000. World Asset Management Inc increased its holdings 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 purchasing an additional 1,049 shares in the last quarter. Ffcm LLC increased its holdings in MFA Financial by 144.2% during the 2nd quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 8,936 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MFA Financial by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,563 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.
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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