MFA Financial (NYSE:MFA) Receives “Sector Perform” Rating from Royal Bank Of Canada

MFA Financial (NYSE:MFA)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 10.33% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Citigroup restated a “market outperform” rating on shares of MFA Financial in a report on Tuesday, August 4th. Citizens Jmp lowered their price objective on shares of MFA Financial from $11.50 to $11.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 4th. William Blair set a $11.00 price target on MFA Financial in a research note on Tuesday, August 4th. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Wednesday, June 17th. Finally, Weiss Ratings raised MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, MFA Financial has a consensus rating of “Moderate Buy” and a consensus target price of $10.46.

MFA Financial Trading Down 0.4%

NYSE:MFA opened at $9.06 on Thursday. MFA Financial has a twelve month low of $8.80 and a twelve month high of $10.56. The firm has a market cap of $916.28 million, a price-to-earnings ratio of 9.06 and a beta of 1.42. The company has a 50-day moving average of $9.33 and a 200-day moving average of $9.63.

Hedge Funds Weigh In On MFA Financial

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in shares of MFA Financial by 245.2% during the 1st quarter. Renaissance Technologies LLC now owns 777,025 shares of the real estate investment trust’s stock worth $7,444,000 after buying an additional 551,927 shares during the period. Wolverine Asset Management LLC grew its holdings in MFA Financial by 9.2% during the 4th quarter. Wolverine Asset Management LLC now owns 1,653,062 shares of the real estate investment trust’s stock worth $15,390,000 after acquiring an additional 139,559 shares during the period. Jennison Associates LLC bought a new stake in shares of MFA Financial during the 4th quarter valued at $678,000. Simplify Asset Management Inc. acquired a new stake in shares of MFA Financial during the fourth quarter worth $1,885,000. Finally, Global Retirement Partners LLC acquired a new position in shares of MFA Financial during the 2nd quarter worth about $39,000. 65.28% of the stock is owned by institutional investors.

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.