MFA Financial, Inc. (NYSE:MFA) Given Average Recommendation of “Hold” by Brokerages

MFA Financial, Inc. (NYSE:MFAGet Rating) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $19.50.

MFA has been the topic of a number of research analyst reports. JMP Securities decreased their price objective on shares of MFA Financial from $20.00 to $18.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 26th. Zacks Investment Research lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, started coverage on shares of MFA Financial in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Several institutional investors and hedge funds have recently modified their holdings of MFA. Rockefeller Capital Management L.P. bought a new position in shares of MFA Financial in the third quarter valued at $31,000. Lazard Asset Management LLC bought a new position in MFA Financial during the fourth quarter worth $42,000. Eaton Vance Management boosted its position in MFA Financial by 50.0% during the third 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 during the period. Brinker Capital Investments LLC bought a new position in MFA Financial during the fourth quarter worth $46,000. Finally, Ieq Capital LLC acquired a new stake in shares of MFA Financial during the first quarter worth $42,000.

MFA opened at $13.24 on Wednesday. The firm’s 50-day simple moving average is $14.83 and its 200-day simple moving average is $16.72. MFA Financial has a twelve month low of $12.92 and a twelve month high of $19.60. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 12.49 and a beta of 1.61.

MFA Financial (NYSE:MFAGet Rating) last posted its 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). MFA Financial had a return on equity of 10.55% and a net margin of 41.39%. The firm had revenue of $63.05 million during the quarter, compared to the consensus estimate of $62.87 million. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts predict that MFA Financial will post 2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Tuesday, March 22nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 21st. This represents a $0.44 annualized dividend and a yield of 3.32%. MFA Financial’s dividend payout ratio (DPR) is currently 166.04%.

About MFA Financial (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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