MFA Financial (NYSE:MFA) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

MFA Financial (NYSE:MFA) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $10.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.40% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings raised shares of MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 16th. Finally, UBS Group decreased their target price on shares of MFA Financial from $10.50 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.56.

MFA Financial Stock Performance

MFA stock opened at $10.06 on Friday. MFA Financial has a one year low of $7.85 and a one year high of $11.08. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.79 and a beta of 1.59. The firm has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $9.59.

MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. MFA Financial had a net margin of 23.73% and a return on equity of 6.67%. The firm had revenue of $88.72 million during the quarter, compared to analyst estimates of $60.56 million. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, equities analysts predict that MFA Financial will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of MFA Financial

A number of institutional investors and hedge funds have recently modified their holdings of MFA. Wolverine Asset Management LLC lifted its position in shares of MFA Financial by 57.5% in the third quarter. Wolverine Asset Management LLC now owns 1,513,503 shares of the real estate investment trust’s stock valued at $13,909,000 after acquiring an additional 552,517 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in MFA Financial by 1,250.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 149,931 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 138,831 shares during the last quarter. Geode Capital Management LLC boosted its stake in MFA Financial by 2.3% during the second quarter. Geode Capital Management LLC now owns 2,489,686 shares of the real estate investment trust’s stock worth $23,555,000 after buying an additional 54,944 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in MFA Financial in the 2nd quarter valued at $587,000. Finally, Corient Private Wealth LLC raised its holdings in shares of MFA Financial by 102.8% during the 2nd quarter. Corient Private Wealth LLC now owns 204,014 shares of the real estate investment trust’s stock worth $1,930,000 after acquiring an additional 103,427 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.

About MFA Financial

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.