MFA Financial Inc. (MFA) Sees Strong Trading Volume
MFA Financial Inc. (NYSE:MFA ) saw an uptick in trading volume on Tuesday . 2,873,663 shares were traded 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 brokerages have recently commented on MFA . Deutsche Bank AG set a $7.50 price objective on MFA Financial and gave the company a “hold” rating in a research report on Tuesday, August 9th. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Thursday, August 4th. Finally, 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 research report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.75.
The company has a 50-day moving average price of $7.51 and a 200 day moving average price of $7.04. The company has a market cap of $2.86 billion and a P/E ratio of 9.77.
MFA Financial (NYSE:MFA ) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. During the same quarter last year, the company posted $0.20 EPS. The company had revenue of $66.80 million for the quarter, compared to analyst estimates of $74.09 million. MFA Financial’s revenue was down 17.6% on a year-over-year basis. On average, equities analysts expect that MFA Financial Inc. will post $0.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Tuesday, June 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.47%.
Several hedge funds have added to or reduced their stakes in the stock. 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 during 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 during 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 during 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 during 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.
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.