MFA Financial (NYSE:MFA) PT Lowered to $18.00 at JMP Securities

MFA Financial (NYSE:MFAGet Rating) had its price target reduced by investment analysts at JMP Securities from $20.00 to $18.00 in a research report issued to clients and investors on Tuesday, The Fly reports. JMP Securities’ target price would suggest a potential upside of 31.87% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 3rd. StockNews.com started coverage on shares of MFA Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Shares of MFA Financial stock opened at $13.65 on Tuesday. The firm has a fifty day simple moving average of $15.96. The firm has a market cap of $1.43 billion, a PE ratio of 5.25 and a beta of 1.63. MFA Financial has a 12 month low of $13.11 and a 12 month high of $19.60.

MFA Financial (NYSE:MFAGet Rating) last announced its earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). The business had revenue of $70.15 million during the quarter, compared to analyst estimates of $56.57 million. MFA Financial had a net margin of 95.85% and a return on equity of 11.16%. The business’s revenue was up 82.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. As a group, sell-side analysts forecast that MFA Financial will post 2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of MFA. Rockefeller Capital Management L.P. purchased a new stake in shares of MFA Financial during the 3rd quarter worth $31,000. Lazard Asset Management LLC purchased a new stake in shares of MFA Financial during the 4th quarter worth $42,000. Ieq Capital LLC purchased a new stake in shares of MFA Financial during the 1st quarter worth $42,000. Eaton Vance Management boosted its position in shares of MFA Financial by 50.0% during the 3rd quarter. Eaton Vance Management now owns 10,000 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 3,333 shares in the last quarter. Finally, Brinker Capital Investments LLC purchased a new stake in shares of MFA Financial during the 4th quarter worth $46,000. Institutional investors own 70.54% of the company’s stock.

MFA Financial Company Profile (Get Rating)

MFA Financial, Inc, together with 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, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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