MFA Financial, Inc. (NYSE:MFA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of MFA Financial, Inc. (NYSE:MFAGet Free Report) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.4583.

A number of brokerages have issued reports on MFA. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Wednesday, June 17th. Keefe, Bruyette & Woods cut their target price on shares of MFA Financial from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Citizens Jmp lowered their price target on shares of MFA Financial from $11.50 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday. Weiss Ratings lowered shares of MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. Finally, Royal Bank Of Canada cut 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 report on Wednesday, June 3rd.

Get Our Latest Analysis on MFA

Hedge Funds Weigh In On MFA Financial

Hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of MFA Financial in the third quarter valued at approximately $27,000. Headlands Technologies LLC grew its stake in MFA Financial by 62.3% in the 2nd quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,149 shares during the period. Optiver Holding B.V. acquired a new stake in MFA Financial in the 1st quarter valued at $29,000. Global Retirement Partners LLC acquired a new position in MFA Financial during the second quarter worth $39,000. Finally, GAMMA Investing LLC raised its position in MFA Financial by 86.1% during the fourth quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 2,096 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Stock Performance

Shares of MFA opened at $9.04 on Friday. The business’s 50-day moving average is $9.36 and its two-hundred day moving average is $9.69. The company has a market capitalization of $918.97 million, a P/E ratio of 9.04 and a beta of 1.42. MFA Financial has a fifty-two week low of $8.80 and a fifty-two week high of $10.56.

MFA Financial (NYSE:MFAGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $43.30 million during the quarter, compared to analyst estimates of $67.52 million. MFA Financial had a net margin of 19.38% and a return on equity of 7.55%. During the same period last year, the firm earned $0.29 EPS.

MFA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 15.9%. MFA Financial’s dividend payout ratio (DPR) is 165.52%.

About MFA Financial

(Get Free Report)

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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Analyst Recommendations for MFA Financial (NYSE:MFA)

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