MFA Financial, Inc. (NYSE:MFA – Get Free Report) announced a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Tuesday, June 30th.
MFA Financial has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
MFA Financial Stock Up 0.8%
MFA Financial stock opened at $9.29 on Friday. The company has a market capitalization of $943.36 million, a P/E ratio of 10.67 and a beta of 1.43. The stock’s 50 day moving average is $9.71 and its 200 day moving average is $9.75. MFA Financial has a twelve month low of $8.78 and a twelve month high of $10.56.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MFA. Royal Bank Of Canada cut their price target on MFA Financial from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of MFA Financial in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on MFA Financial from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Citizens Jmp upped their price objective on MFA Financial from $11.00 to $11.50 and gave the company a “market outperform” rating in a research report on Monday, May 4th. Finally, Citigroup reaffirmed an “outperform” rating on shares of MFA Financial in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, MFA Financial presently has an average rating of “Hold” and a consensus price target of $10.44.
Check Out Our Latest Research Report on MFA Financial
MFA Financial Company Profile
MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.
MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.
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