MFA Financial, Inc. (NYSE:MFA – Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.34 and traded as low as $9.09. MFA Financial shares last traded at $9.10, with a volume of 927,291 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on MFA shares. William Blair set a $11.00 target price on MFA Financial in a research report on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of MFA Financial in a research report on Tuesday, August 4th. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Wednesday, June 17th. Weiss Ratings upgraded MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada reduced their price objective on shares of MFA Financial from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MFA Financial currently has an average rating of “Moderate Buy” and an average price target of $10.46.
View Our Latest Stock Report on MFA
MFA Financial Trading Up 1.1%
MFA Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 15.8%. MFA Financial’s dividend payout ratio is 144.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new position in MFA Financial during the third quarter valued at about $27,000. Headlands Technologies LLC grew its holdings in MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,149 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of MFA Financial in the first quarter valued at approximately $29,000. Public Employees Retirement System of Ohio bought a new position in shares of MFA Financial in the second quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of MFA Financial in the second quarter worth $39,000. Institutional investors own 65.28% of the company’s stock.
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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