JMP Securities Reaffirms “Market Outperform” Rating for MFA Financial (NYSE:MFA)

MFA Financial (NYSE:MFA)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports. They currently have a $12.50 target price on the real estate investment trust’s stock. JMP Securities’ price objective suggests a potential upside of 19.85% from the company’s previous close.

MFA Financial Stock Up 1.5 %

NYSE MFA opened at $10.43 on Thursday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 26.08 and a beta of 2.10. MFA Financial has a twelve month low of $8.41 and a twelve month high of $11.90. The business’s fifty day moving average is $11.04 and its 200 day moving average is $10.69.

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

Hedge Funds Weigh In On MFA Financial

Hedge funds have recently modified their holdings of the business. ProShare Advisors LLC increased its holdings in MFA Financial by 10.2% in the second quarter. ProShare Advisors LLC now owns 13,313 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,232 shares during the period. Capital Square LLC increased its stake in shares of MFA Financial by 3.4% in the fourth quarter. Capital Square LLC now owns 39,198 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 1,294 shares during the period. Commonwealth Equity Services LLC raised its position in shares of MFA Financial by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 18,227 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 1,456 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of MFA Financial by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,525 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 1,794 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in MFA Financial by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 51,100 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 1,973 shares during the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

MFA Financial Company Profile

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.