MFA Financial Inc. (MFA) Reaches New 1-Year High at $7.58
Shares of MFA Financial Inc. (NYSE:MFA ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $7.58 and last traded at $7.57, with a volume of 956,190 shares. The stock had previously closed at $7.52.
A number of analysts have issued reports on MFA shares. Zacks Investment Research downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Compass Point downgraded MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price target for the company. in a report on Wednesday, June 15th. Finally, Wells Fargo & Co. downgraded MFA Financial from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.65.
The company has a 50 day moving average price of $7.31 and a 200-day moving average price of $6.89. The stock has a market cap of $2.81 billion and a price-to-earnings ratio of 9.6197.
MFA Financial (NYSE:MFA ) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts forecast that MFA Financial Inc. will post $0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, June 28th were issued a $0.20 dividend. The ex-dividend date was Friday, June 24th. This represents a $0.80 annualized dividend and a yield of 10.64%.
A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in MFA Financial by 268.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 174,249 shares of the company’s stock worth $1,150,000 after buying an additional 126,989 shares during the last quarter. Strategic Global Advisors LLC boosted its position in MFA Financial by 3.8% in the fourth quarter. Strategic Global Advisors LLC now owns 250,844 shares of the company’s stock worth $1,656,000 after buying an additional 9,093 shares during the last quarter. Schroder Investment Management Group boosted its position in MFA Financial by 10.8% in the fourth quarter. Schroder Investment Management Group now owns 4,610,800 shares of the company’s stock worth $30,431,000 after buying an additional 447,991 shares during the last quarter. Comerica Bank boosted its position 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 last quarter. Finally, California Public Employees Retirement System boosted its position 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 last quarter.
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.
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