MFA Financial, Inc. (NYSE:MFA – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $8.60 and last traded at $8.5850, with a volume of 149637 shares changing hands. The stock had previously closed at $8.75.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on MFA. BTIG Research upgraded shares of MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a research note on Wednesday, June 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of MFA Financial in a research report on Thursday, August 20th. Citizens Jmp lowered their price target on MFA Financial from $11.50 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Citigroup reiterated a “market outperform” rating on shares of MFA Financial in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MFA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.46.
Check Out Our Latest Stock Analysis on MFA Financial
MFA Financial Stock Up 0.1%
Institutional Trading of MFA Financial
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in MFA Financial during the second quarter worth $26,000. Quarry LP acquired a new position in shares of MFA Financial in the 3rd quarter valued at $27,000. Headlands Technologies LLC grew its holdings in shares of MFA Financial by 62.3% during the 2nd quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,149 shares during the period. Optiver Holding B.V. purchased a new position in shares of MFA Financial during the 1st quarter worth $29,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of MFA Financial during the 2nd quarter worth about $32,000. 65.28% of the stock is owned by institutional investors and hedge funds.
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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