MFA Financial Inc. (MFA) Hits New 1-Year High at $7.58
MFA Financial Inc. (NYSE:MFA )’s share price reached 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.
MFA has been the subject of a number of research reports. Wells Fargo & Co. cut MFA Financial from a “market perform” rating to an “underperform” rating in a report on Monday, April 11th. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Friday, May 6th. Finally, Compass Point cut MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price objective for the company. in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.65.
The stock has a market capitalization of $2.78 billion and a price-to-earnings ratio of 9.52. The stock’s 50 day moving average is $7.33 and its 200 day moving average is $6.91.
MFA Financial (NYSE:MFA ) last released its 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 quarter last year, the business posted $0.21 earnings per share. Analysts predict that MFA Financial Inc. will post $0.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Tuesday, June 28th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 24th. This represents a $0.80 annualized dividend and a dividend yield of 10.68%.
Several institutional investors recently made changes to their positions in the stock. Comerica Bank raised its position in shares of MFA Financial by 17.8% in the fourth quarter. Comerica Bank now owns 296,716 shares of the company’s stock valued at $1,952,000 after buying an additional 44,913 shares in the last quarter. California Public Employees Retirement System raised its position in shares of 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 valued at $6,663,000 after buying an additional 31,200 shares in the last quarter. Rhumbline Advisers raised its position in shares of MFA Financial by 0.6% in the fourth quarter. Rhumbline Advisers now owns 310,979 shares of the company’s stock valued at $2,052,000 after buying an additional 1,815 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of MFA Financial by 268.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 174,249 shares of the company’s stock valued at $1,150,000 after buying an additional 126,989 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of MFA Financial by 10.8% in the fourth quarter. Schroder Investment Management Group now owns 4,610,800 shares of the company’s stock valued at $30,431,000 after buying an additional 447,991 shares in 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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