MFA Financial (NYSE:MFA) Rating Lowered to Hold at Zacks Investment Research

MFA Financial (NYSE:MFAGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “

MFA has been the subject of several other reports. StockNews.com initiated coverage on MFA Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. JMP Securities dropped their price target on MFA Financial from $20.00 to $18.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

Shares of MFA opened at $13.27 on Tuesday. The firm has a market cap of $1.36 billion, a PE ratio of 12.52 and a beta of 1.61. The stock’s fifty day moving average price is $14.90 and its two-hundred day moving average price is $16.74. MFA Financial has a 1 year low of $12.92 and a 1 year high of $19.60.

MFA Financial (NYSE:MFAGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.86) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($1.25). The company had revenue of $63.05 million during the quarter, compared to analysts’ expectations of $62.87 million. MFA Financial had a net margin of 41.39% and a return on equity of 10.55%. MFA Financial’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. On average, equities analysts forecast that MFA Financial will post 2 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. bought a new stake in shares of MFA Financial in the 3rd quarter valued at about $31,000. Lazard Asset Management LLC bought a new position in MFA Financial during the 4th quarter valued at approximately $42,000. Ieq Capital LLC bought a new position in MFA Financial during the 1st quarter valued at approximately $42,000. XML Financial LLC bought a new position in MFA Financial during the 1st quarter valued at approximately $43,000. Finally, Eaton Vance Management raised its position in 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 valued at $46,000 after purchasing an additional 3,333 shares during 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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