Royal Bank Of Canada reissued their buy rating on shares of MFA Financial, Inc. (NYSE:MFA) in a research report sent to investors on Friday morning. They currently have a $9.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on MFA. Keefe, Bruyette & Woods reissued a hold rating and issued a $8.00 price target on shares of MFA Financial in a report on Thursday, April 6th. Zacks Investment Research downgraded shares of MFA Financial from a hold rating to a sell rating in a report on Friday, May 5th. BidaskClub raised shares of MFA Financial from a buy rating to a strong-buy rating in a report on Monday, June 19th. Finally, Wells Fargo & Company raised shares of MFA Financial from an underperform rating to a market perform rating in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $8.18.

Shares of MFA Financial (NYSE MFA) traded up 0.34% during trading on Friday, hitting $8.75. 1,491,569 shares of the stock traded hands. MFA Financial has a 1-year low of $7.03 and a 1-year high of $8.75. The company has a market cap of $3.47 billion, a P/E ratio of 11.12 and a beta of 0.72. The stock has a 50-day moving average of $8.52 and a 200 day moving average of $8.20.

MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $61.14 million during the quarter, compared to analyst estimates of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. On average, equities research analysts predict that MFA Financial will post $0.75 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date of this dividend was Tuesday, June 27th. MFA Financial’s dividend payout ratio is currently 102.56%.

A number of large investors have recently made changes to their positions in the stock. Geneva Advisors LLC increased its stake in shares of MFA Financial by 19.7% in the second quarter. Geneva Advisors LLC now owns 233,730 shares of the real estate investment trust’s stock worth $1,961,000 after buying an additional 38,388 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of MFA Financial by 204.2% in the second quarter. Cadence Capital Management LLC now owns 39,349 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 26,415 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of MFA Financial by 16.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 439,782 shares of the real estate investment trust’s stock worth $3,690,000 after buying an additional 61,730 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of MFA Financial by 58.2% in the second quarter. BNP Paribas Arbitrage SA now owns 643,601 shares of the real estate investment trust’s stock worth $5,400,000 after buying an additional 236,672 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of MFA Financial by 3.9% in the second quarter. Legal & General Group Plc now owns 405,782 shares of the real estate investment trust’s stock worth $3,405,000 after buying an additional 15,254 shares in the last quarter. 78.89% of the stock is currently owned by institutional investors and hedge funds.

MFA Financial Company Profile

MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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