Shares of MFA Financial, Inc. (NYSE:MFA – Get 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
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:MFA – Get 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
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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