MFA Financial Inc. (MFA) Cut to “Hold” at Zacks Investment Research
MFA Financial Inc. (NYSE:MFA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
A number of other analysts have also recently commented on MFA. Deutsche Bank AG set a $7.50 target price on shares of MFA Financial and gave the stock a “hold” rating in a research note on Tuesday, August 9th. FBR & Co cut shares of MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 target price for the company. in a research note on Tuesday, September 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $7.50 target price on shares of MFA Financial in a research note on Sunday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $8.00 target price on shares of MFA Financial in a research note on Friday, November 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.67.
Shares of MFA Financial (NYSE:MFA) opened at 7.85 on Wednesday. The stock has a 50 day moving average of $7.39 and a 200-day moving average of $7.42. The stock has a market capitalization of $2.91 billion, a PE ratio of 9.86 and a beta of 0.62. MFA Financial has a 52 week low of $5.61 and a 52 week high of $7.96.
MFA Financial (NYSE:MFA ) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. MFA Financial had a net margin of 65.46% and a return on equity of 10.62%. During the same period in the prior year, the company posted $0.20 EPS. On average, equities research analysts expect that MFA Financial will post $0.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Wednesday, September 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend was Monday, September 26th. MFA Financial’s payout ratio is 101.27%.
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Institutional investors have recently bought and sold shares of the stock. Hollow Brook Wealth Management LLC purchased a new position in MFA Financial during the third quarter valued at $103,000. Hsbc Holdings PLC raised its position in MFA Financial by 0.4% in the second quarter. Hsbc Holdings PLC now owns 15,055 shares of the company’s stock valued at $109,000 after buying an additional 58 shares during the period. World Asset Management Inc purchased a new position in MFA Financial during the third quarter valued at $110,000. Gerstein Fisher raised its position in MFA Financial by 22.3% in the third quarter. Gerstein Fisher now owns 14,840 shares of the company’s stock valued at $111,000 after buying an additional 2,708 shares during the period. Finally, Panagora Asset Management Inc. raised its position in MFA Financial by 38.0% in the second quarter. Panagora Asset Management Inc. now owns 18,901 shares of the company’s stock valued at $137,000 after buying an additional 5,201 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.
MFA Financial Company Profile
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
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