BidaskClub downgraded shares of MFA Financial, Inc. (NYSE:MFA) from a hold rating to a sell rating in a report released on Saturday morning.
MFA has been the topic of several other reports. Zacks Investment Research raised MFA Financial from a hold rating to a buy rating and set a $9.75 target price on the stock in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $8.50 price target on shares of MFA Financial in a report on Friday, August 4th. JMP Securities downgraded MFA Financial from an outperform rating to a market perform rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $9.00 price target on shares of MFA Financial in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $8.81.
Shares of MFA Financial (MFA) traded up 0.60% during midday trading on Friday, hitting $8.40. The stock had a trading volume of 2,696,748 shares. The stock has a 50-day moving average price of $8.72 and a 200-day moving average price of $8.52. The stock has a market cap of $3.33 billion, a P/E ratio of 10.59 and a beta of 0.71. MFA Financial has a 12-month low of $7.17 and a 12-month high of $8.90.
MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Equities analysts forecast that MFA Financial will post $0.77 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.52%. MFA Financial’s dividend payout ratio is presently 102.56%.
Several institutional investors have recently made changes to their positions in MFA. BlackRock Inc. grew its stake in shares of MFA Financial by 13,441.2% during the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock valued at $189,346,000 after acquiring an additional 23,260,960 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of MFA Financial during the second quarter valued at about $47,801,000. Vanguard Group Inc. grew its stake in shares of MFA Financial by 7.1% during 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 acquiring an additional 2,106,310 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of MFA Financial by 459.4% during 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 acquiring an additional 1,504,565 shares in the last quarter. Finally, First Quadrant L P CA grew its stake in shares of MFA Financial by 115.9% during the second quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock valued at $17,559,000 after acquiring an additional 1,123,603 shares in the last quarter. Institutional investors own 80.17% 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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