MFA FINL INC/SH (NYSE:MFA) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of MFA FINL INC/SH (NYSE:MFA) from a sell rating to a hold rating in a research report released on Friday, Zacks.com reports.

According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “

Several other research analysts have also issued reports on MFA. JMP Securities lowered shares of MFA FINL INC/SH from an outperform rating to a market perform rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods raised shares of MFA FINL INC/SH from a market perform rating to an outperform rating and set a $8.00 price target for the company in a research report on Thursday, May 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $7.83.

Shares of MFA traded up $0.02 during trading hours on Friday, reaching $7.13. 1,501,863 shares of the company traded hands, compared to its average volume of 2,060,056. The firm has a fifty day moving average of $7.22. The firm has a market cap of $3.21 billion, a PE ratio of 10.49 and a beta of 0.54. MFA FINL INC/SH has a 1-year low of $6.40 and a 1-year high of $7.82.

MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $61.93 million for the quarter, compared to analyst estimates of $60.20 million. MFA FINL INC/SH had a net margin of 62.34% and a return on equity of 8.83%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. Equities research analysts forecast that MFA FINL INC/SH will post 0.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.22%. The ex-dividend date of this dividend was Friday, June 28th. MFA FINL INC/SH’s dividend payout ratio (DPR) is presently 117.65%.

Large investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in shares of MFA FINL INC/SH by 2.3% during the second quarter. Swiss National Bank now owns 838,200 shares of the real estate investment trust’s stock worth $6,018,000 after purchasing an additional 18,900 shares in the last quarter. Comerica Bank boosted its position in shares of MFA FINL INC/SH by 1.7% during the second quarter. Comerica Bank now owns 807,441 shares of the real estate investment trust’s stock worth $5,854,000 after purchasing an additional 13,706 shares in the last quarter. Kavar Capital Partners LLC boosted its position in shares of MFA FINL INC/SH by 83.3% during the second quarter. Kavar Capital Partners LLC now owns 55,000 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 25,000 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of MFA FINL INC/SH by 26.7% during the second quarter. Advisory Services Network LLC now owns 15,206 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of MFA FINL INC/SH by 21.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 43,684 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 7,830 shares in the last quarter. 80.06% of the stock is owned by hedge funds and other institutional investors.

MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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