MFA Financial, Inc. (MFA) Issues Earnings Results
MFA Financial, Inc. (NYSE:MFA) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03), Bloomberg Earnings reports. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The firm had revenue of $55.86 million for the quarter, compared to analyst estimates of $71.13 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.71%. MFA Financial’s dividend payout ratio (DPR) is 102.56%.
MFA has been the topic of a number of recent research reports. Zacks Investment Research lowered MFA Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. JMP Securities lowered MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a research report on Friday, August 4th. 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. MFA Financial currently has an average rating of “Hold” and a consensus price target of $8.81.
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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