MFA Financial Inc. (MFA) Trading Up 1.4%
MFA Financial Inc. (NYSE:MFA ) shares were up 1.4% during trading on Tuesday . The company traded as high as $7.47 and last traded at $7.47, with a volume of 1,012,124 shares. The stock had previously closed at $7.37.
A number of research analysts have commented on MFA shares. Wells Fargo & Co. downgraded MFA Financial from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Friday, May 6th. Finally, Compass Point downgraded MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. MFA Financial currently has a consensus rating of “Hold” and a consensus target price of $7.65.
The firm has a 50 day moving average price of $7.26 and a 200 day moving average price of $6.85. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 9.49.
MFA Financial (NYSE:MFA ) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities analysts predict that MFA Financial Inc. will post $0.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Tuesday, June 28th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.71%.
Several institutional investors have bought and sold shares of MFA. California State Teachers Retirement System raised its position in MFA Financial by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 708,240 shares of the company’s stock worth $4,674,000 after buying an additional 10,782 shares during the last quarter. Rhumbline Advisers increased its stake in MFA Financial by 0.6% in the fourth quarter. Rhumbline Advisers now owns 310,979 shares of the company’s stock worth $2,052,000 after buying an additional 1,815 shares during the period. California Public Employees Retirement System increased its stake in MFA Financial by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 1,009,500 shares of the company’s stock worth $6,663,000 after buying an additional 31,200 shares during the period. Comerica Bank increased its stake in MFA Financial by 17.8% in the fourth quarter. Comerica Bank now owns 296,716 shares of the company’s stock worth $1,952,000 after buying an additional 44,913 shares during the period. Finally, Brown Advisory Inc. increased its stake in MFA Financial by 2.9% in the fourth quarter. Brown Advisory Inc. now owns 4,605,336 shares of the company’s stock worth $30,395,000 after buying an additional 129,617 shares during the period.
MFA Financial, Inc is a real estate investment trust (REIT). The Company is engaged in the real estate finance business.The Company, through subsidiaries, invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS and residential whole loans. The Company’s business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.