MFA Financial, Inc. (NYSE:MFA) Receives $11.05 Consensus Target Price from Analysts

Shares of MFA Financial, Inc. (NYSE:MFA) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.05.

A number of brokerages recently commented on MFA. UBS Group lowered their target price on MFA Financial from $10.50 to $10.25 and set a “buy” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of MFA Financial in a research note on Wednesday, November 19th. Jones Trading reaffirmed a “hold” rating on shares of MFA Financial in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Monday, November 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new stake in MFA Financial in the 2nd quarter valued at about $28,000. Quarry LP acquired a new position in shares of MFA Financial during the third quarter worth about $27,000. Headlands Technologies LLC increased its stake in shares of MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,149 shares during the period. IFP Advisors Inc increased its stake in shares of MFA Financial by 40.7% during the second quarter. IFP Advisors Inc now owns 4,321 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,250 shares during the period. Finally, Huntington National Bank lifted its stake in MFA Financial by 58.6% in the second quarter. Huntington National Bank now owns 5,790 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,139 shares during the last quarter. 65.28% of the stock is owned by institutional investors and hedge funds.

MFA Financial Stock Performance

MFA Financial stock opened at $9.52 on Friday. The company has a market capitalization of $972.39 million, a PE ratio of 10.94 and a beta of 1.73. MFA Financial has a fifty-two week low of $7.85 and a fifty-two week high of $11.28. The firm has a 50 day moving average price of $9.23 and a 200 day moving average price of $9.49.

MFA Financial (NYSE:MFA) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $101.03 million for the quarter, compared to analysts’ expectations of $57.40 million. MFA Financial had a return on equity of 8.61% and a net margin of 17.62%.During the same quarter in the prior year, the business earned $0.37 earnings per share. As a group, equities research analysts forecast that MFA Financial will post 1.5 earnings per share for the current year.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 15.1%. The ex-dividend date was Tuesday, September 30th. MFA Financial’s dividend payout ratio (DPR) is presently 169.41%.

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.