MFA Financial, Inc. (MFA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of MFA Financial, Inc. (NYSE:MFA) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.75.

Several analysts recently commented on MFA shares. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of MFA Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. Finally, JMP Securities downgraded shares of MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th.

MFA Financial (NYSE MFA) opened at $8.07 on Thursday. The firm has a market cap of $3,187.46, a PE ratio of 11.00 and a beta of 0.66. MFA Financial has a 52 week low of $7.53 and a 52 week high of $8.90.

MFA Financial (NYSE:MFA) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million for the quarter, compared to the consensus estimate of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. equities research analysts forecast that MFA Financial will post 0.77 EPS for the current year.

In other MFA Financial news, insider Ronald A. Freydberg acquired 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $7.78 per share, with a total value of $155,600.00. Following the acquisition, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MFA. Public Employees Retirement Association of Colorado boosted its holdings in MFA Financial by 5.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 678 shares during the period. Great West Life Assurance Co. Can boosted its holdings in MFA Financial by 23.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 8,209 shares during the period. World Asset Management Inc boosted its holdings in MFA Financial by 7.9% in the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,049 shares during the period. Sei Investments Co. boosted its holdings in MFA Financial by 52.8% in the 2nd quarter. Sei Investments Co. now owns 373,008 shares of the real estate investment trust’s stock valued at $3,129,000 after purchasing an additional 128,950 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in MFA Financial by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,141,863 shares of the real estate investment trust’s stock valued at $17,971,000 after purchasing an additional 145,378 shares during the period. 80.71% 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.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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