MFA Financial (MFA) Set to Announce Earnings on Monday

MFA Financial (NYSE:MFA) is scheduled to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

MFA Financial (NYSE:MFA) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $43.75 million. During the same period in the previous year, the business earned $0.46 earnings per share. On average, analysts expect MFA Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MFA Financial Price Performance

Shares of MFA opened at $10.73 on Monday. MFA Financial has a one year low of $8.41 and a one year high of $11.90. The company has a market cap of $1.10 billion, a P/E ratio of 26.83 and a beta of 2.10. The firm has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $10.78.

MFA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.05%. MFA Financial’s dividend payout ratio is currently 350.00%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and set a $12.50 price objective on shares of MFA Financial in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.00.

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.