MFA Financial, Inc. (NYSE:MFA) Receives Consensus Rating of “Hold” from Analysts

MFA Financial, Inc. (NYSE:MFAGet Rating) has received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $12.25.

MFA has been the subject of several recent research reports. Raymond James lowered their price objective on shares of MFA Financial from $15.50 to $12.50 and set an “outperform” rating for the company in a research note on Tuesday, October 18th. StockNews.com started coverage on shares of MFA Financial in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Royal Bank of Canada cut their price objective on shares of MFA Financial from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 5th. Credit Suisse Group cut their price objective on shares of MFA Financial to $12.50 in a report on Thursday, October 13th. Finally, JMP Securities cut their target price on shares of MFA Financial from $15.00 to $13.50 and set a “market outperform” rating on the stock in a report on Thursday, October 20th.

MFA Financial Trading Up 1.2 %

Shares of MFA opened at $10.79 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of -4.86 and a beta of 1.82. The firm has a 50-day moving average price of $9.57 and a 200 day moving average price of $11.20. MFA Financial has a 12-month low of $7.15 and a 12-month high of $19.06.

MFA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.76 annualized dividend and a dividend yield of 16.31%. MFA Financial’s dividend payout ratio is presently -79.28%.

Insider Activity

In other news, Director Robin Josephs bought 2,350 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were purchased at an average price of $10.67 per share, for a total transaction of $25,074.50. Following the completion of the transaction, the director now owns 28,828 shares in the company, valued at $307,594.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robin Josephs purchased 2,350 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average price of $10.67 per share, with a total value of $25,074.50. Following the completion of the purchase, the director now directly owns 28,828 shares in the company, valued at approximately $307,594.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan Wulfsohn bought 3,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $32,250.00. Following the purchase, the senior vice president now owns 63,350 shares in the company, valued at approximately $681,012.50. The disclosure for this purchase can be found here. Insiders have acquired 10,096 shares of company stock worth $108,606 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors bought a new stake in shares of MFA Financial in the 2nd quarter worth approximately $28,000. Federated Hermes Inc. grew its position in MFA Financial by 240.7% during the third quarter. Federated Hermes Inc. now owns 4,027 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,845 shares in the last quarter. Allworth Financial LP purchased a new position in MFA Financial during the second quarter valued at approximately $47,000. Point72 Hong Kong Ltd bought a new stake in MFA Financial in the second quarter worth approximately $72,000. Finally, Catalyst Capital Advisors LLC grew its position in MFA Financial by 37.8% in the third quarter. Catalyst Capital Advisors LLC now owns 7,289 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,000 shares in the last quarter. 62.15% of the stock is owned by institutional investors and hedge funds.

About MFA Financial

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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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