MFA Financial (NYSE:MFA) Announces Quarterly Earnings Results

MFA Financial (NYSE:MFAGet Rating) released its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.86) EPS for the quarter, missing the consensus estimate of $0.39 by ($1.25), MarketWatch Earnings reports. The firm had revenue of $63.05 million for the quarter, compared to analysts’ expectations of $62.87 million. MFA Financial had a return on equity of 10.33% and a net margin of 41.39%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share.

Shares of MFA Financial stock traded down $0.08 during trading on Friday, reaching $14.64. The company’s stock had a trading volume of 2,248,540 shares, compared to its average volume of 1,922,552. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 13.81 and a beta of 1.61. MFA Financial has a 1-year low of $13.11 and a 1-year high of $19.60. The company has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $17.12.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Tuesday, March 22nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.01%. MFA Financial’s payout ratio is 166.04%.

Several research analysts have commented on the company. Zacks Investment Research upgraded MFA Financial from a “sell” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Tuesday. StockNews.com began coverage on MFA Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, JMP Securities cut their price target on MFA Financial from $20.00 to $18.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, MFA Financial currently has an average rating of “Buy” and a consensus price target of $18.25.

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in shares of MFA Financial in the 3rd quarter worth $188,000. Penserra Capital Management LLC boosted its position in shares of MFA Financial by 174.0% in the 4th quarter. Penserra Capital Management LLC now owns 50,220 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 31,890 shares in the last quarter. LPL Financial LLC boosted its position in shares of MFA Financial by 6.5% in the 3rd quarter. LPL Financial LLC now owns 74,591 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 4,558 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of MFA Financial by 869.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 112,002 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 100,452 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of MFA Financial by 15.6% in the 4th quarter. MetLife Investment Management LLC now owns 152,158 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 20,560 shares in the last quarter.

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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Earnings History for MFA Financial (NYSE:MFA)

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