Keefe, Bruyette & Woods Reiterates “Hold” Rating for MFA Financial, Inc. (NYSE:MFA)
Keefe, Bruyette & Woods restated their hold rating on shares of MFA Financial, Inc. (NYSE:MFA) in a research report report published on Friday. They currently have a $8.50 price objective on the real estate investment trust’s stock.
A number of other analysts also recently issued reports on the company. Royal Bank Of Canada reissued a buy rating and issued a $9.00 target price on shares of MFA Financial in a research report on Friday. Zacks Investment Research downgraded MFA Financial from a hold rating to a sell rating in a research report on Friday, July 28th. BidaskClub raised MFA Financial from a hold rating to a buy rating in a research report on Tuesday, June 13th. Finally, Wells Fargo & Company raised MFA Financial from an underperform rating to a market perform rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $8.18.
MFA Financial (MFA) opened at 8.75 on Friday. MFA Financial has a 12-month low of $7.03 and a 12-month high of $8.75. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 11.12 and a beta of 0.72. The company’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.20.
MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. MFA Financial’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, equities analysts anticipate that MFA Financial will post $0.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, June 29th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date was Tuesday, June 27th. MFA Financial’s dividend payout ratio is currently 102.56%.
A number of hedge funds have recently added to or reduced their stakes in MFA. BlackRock Inc. increased its stake in MFA Financial by 13,441.2% in the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock worth $189,346,000 after buying an additional 23,260,960 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of MFA Financial during the first quarter valued at $29,455,000. Vanguard Group Inc. boosted its position in shares of MFA Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 29,874,948 shares of the real estate investment trust’s stock valued at $241,389,000 after buying an additional 1,498,013 shares during the period. First Quadrant L P CA boosted its position in shares of MFA Financial by 115.9% in the second quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock valued at $17,559,000 after buying an additional 1,123,603 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of MFA Financial by 74.7% in the first quarter. Global X Management Co. LLC now owns 2,165,089 shares of the real estate investment trust’s stock valued at $17,494,000 after buying an additional 925,859 shares during the period. 78.89% of the stock is 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.
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