MFA Financial, Inc. (NYSE:MFA)‘s stock had its “hold” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. They currently have a $8.00 target price on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 2.08% from the stock’s current price.
A number of other analysts have also recently commented on MFA. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $8.00 target price on shares of MFA Financial in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.84.
MFA Financial (NYSE:MFA) traded up 0.49% during mid-day trading on Thursday, reaching $8.17. The company had a trading volume of 1,404,666 shares. MFA Financial has a 12-month low of $6.69 and a 12-month high of $8.22. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 10.24 and a beta of 0.60. The firm has a 50-day moving average price of $8.06 and a 200 day moving average price of $7.77.
MFA Financial (NYSE:MFA ) last released its quarterly earnings results on Thursday, February 16th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. MFA Financial had a net margin of 65.46% and a return on equity of 10.62%. The firm earned $62.66 million during the quarter, compared to the consensus estimate of $69.79 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. Analysts expect that MFA Financial will post $0.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, March 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 9.79%. The ex-dividend date of this dividend is Monday, March 27th. MFA Financial’s payout ratio is 101.27%.
Hedge funds have recently made changes to their positions in the stock. WFG Advisors LP purchased a new position in MFA Financial during the fourth quarter valued at $294,000. Dynamic Technology Lab Private Ltd purchased a new position in MFA Financial during the fourth quarter valued at $102,000. Hollow Brook Wealth Management LLC purchased a new position in MFA Financial during the third quarter valued at $103,000. Infrastructure Capital Advisors LLC purchased a new position in MFA Financial during the fourth quarter valued at $114,000. Finally, Ffcm LLC purchased a new position in MFA Financial during the fourth quarter valued at $117,000. Institutional investors and hedge funds own 84.26% of the company’s stock.
MFA Financial Company Profile
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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