MFA Financial (NYSE:MFA) Share Price Crosses Above Fifty Day Moving Average of $11.16

MFA Financial, Inc. (NYSE:MFAGet Free Report)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.16 and traded as high as $11.41. MFA Financial shares last traded at $11.41, with a volume of 807,709 shares traded.

Wall Street Analyst Weigh In

MFA has been the topic of several analyst reports. UBS Group started coverage on shares of MFA Financial in a report on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of MFA Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.25 to $12.00 in a report on Wednesday, December 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

View Our Latest Research Report on MFA

MFA Financial Stock Performance

The firm has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $10.64. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 28.53 and a beta of 2.11.

MFA Financial (NYSE:MFAGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. MFA Financial had a net margin of 13.24% and a return on equity of 9.44%. The company had revenue of $169.88 million for the quarter, compared to analyst estimates of $43.75 million. During the same period in the prior year, the firm posted $0.46 earnings per share. Research analysts anticipate that MFA Financial, Inc. will post 1.47 earnings per share for the current year.

MFA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.27%. MFA Financial’s payout ratio is 350.00%.

Institutional Investors Weigh In On MFA Financial

Several large investors have recently made changes to their positions in MFA. Creekmur Asset Management LLC acquired a new position in shares of MFA Financial during the 4th quarter valued at $25,000. Captrust Financial Advisors acquired a new stake in shares of MFA Financial in the second quarter valued at about $28,000. Federated Hermes Inc. raised its holdings in shares of MFA Financial by 240.7% during the 3rd quarter. Federated Hermes Inc. now owns 4,027 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 2,845 shares during the period. PNC Financial Services Group Inc. boosted its holdings in MFA Financial by 520.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,064 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,570 shares during the period. Finally, Quarry LP grew its position in MFA Financial by 1,734.3% in the first quarter. Quarry LP now owns 4,219 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 3,989 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

About MFA Financial

(Get Free Report)

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, 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.

Further Reading

Receive News & Ratings for MFA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial and related companies with MarketBeat.com's FREE daily email newsletter.