MFA Financial, Inc. (NYSE:MFA) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $8.75.
A number of equities research analysts have issued reports on MFA shares. JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Royal Bank of Canada reissued a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research report on Tuesday, November 7th. BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Wednesday, October 4th. Finally, B. Riley reaffirmed a “neutral” rating on shares of MFA Financial in a research report on Friday, November 3rd.
Shares of MFA Financial (NYSE:MFA) opened at $7.81 on Monday. MFA Financial has a 1 year low of $7.66 and a 1 year high of $8.90. The stock has a market capitalization of $3,100.00, a PE ratio of 10.70 and a beta of 0.66.
MFA Financial (NYSE:MFA) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The firm had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. During the same period last year, the firm posted $0.21 EPS. MFA Financial’s revenue was down 13.5% on a year-over-year basis. analysts anticipate that MFA Financial will post 0.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.24%. The ex-dividend date is Wednesday, December 27th. MFA Financial’s payout ratio is 109.59%.
In related news, insider Ronald A. Freydberg bought 20,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $7.78 per share, with a total value of $155,600.00. Following the completion of the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MFA. Janus Henderson Group PLC purchased a new position in MFA Financial in the second quarter valued at about $47,801,000. BlackRock Inc. boosted its holdings in MFA Financial by 10.0% in the second quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock valued at $216,333,000 after purchasing an additional 2,350,575 shares during the last quarter. Vanguard Group Inc. boosted its holdings in MFA Financial by 7.1% in the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock valued at $268,322,000 after purchasing an additional 2,106,310 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in MFA Financial by 459.4% in the second quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock valued at $15,371,000 after purchasing an additional 1,504,565 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in MFA Financial by 26.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,320,780 shares of the real estate investment trust’s stock valued at $44,641,000 after purchasing an additional 1,102,099 shares during the last quarter. 80.61% of the stock is owned by hedge funds and other institutional investors.
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About MFA Financial
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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