MFA Financial, Inc. (MFA) Sees Unusually-High Trading Volume
Shares of MFA Financial, Inc. (NYSE:MFA ) saw strong trading volume on Tuesday . 2,873,663 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 1,717,465 shares.The stock last traded at $7.70 and had previously closed at $7.77.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of MFA Financial from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Friday, May 6th. Compass Point downgraded shares of MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 target price for the company. in a report on Wednesday, June 15th. Finally, Deutsche Bank AG set a $7.50 price target on MFA Financial and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.75.
The company’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.04. The stock has a market cap of $2.85 billion and a PE ratio of 9.75.
MFA Financial (NYSE:MFA ) last announced its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $74.09 million. The business’s revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Equities research analysts expect that MFA Financial, Inc. will post $0.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Tuesday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date was Friday, June 24th.
A number of large investors recently bought and sold shares of MFA. Schroder Investment Management Group raised its stake 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 in the last quarter. BNP Paribas Arbitrage SA raised its stake 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 in the last quarter. RS Investment Management Co. LLC raised its stake in MFA Financial by 20.2% in the fourth quarter. RS Investment Management Co. LLC now owns 3,435,912 shares of the company’s stock worth $22,677,000 after buying an additional 577,960 shares in the last quarter. Finally, American International Group Inc. raised its stake in MFA Financial by 1.6% in the fourth quarter. American International Group Inc. now owns 621,260 shares of the company’s stock worth $4,101,000 after buying an additional 9,920 shares in the last quarter.
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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