MFA Financial, Inc. (NYSE:MFA)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued on Tuesday. They currently have a $9.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 15.90% from the company’s current price.

MFA has been the topic of several other research reports. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Wednesday, October 4th. BidaskClub lowered MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price target on shares of MFA Financial in a research note on Friday, August 4th. Finally, JMP Securities lowered MFA Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.08.

Shares of MFA Financial (MFA) opened at $7.77 on Tuesday. MFA Financial has a twelve month low of $7.22 and a twelve month high of $8.90. The firm has a market capitalization of $3,110.00, a P/E ratio of 10.94 and a beta of 0.68.

MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. MFA Financial’s revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. analysts predict that MFA Financial will post 0.79 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of MFA Financial by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock worth $268,322,000 after purchasing an additional 2,106,310 shares during the last quarter. BlackRock Inc. raised its position in shares of MFA Financial by 10.0% during the 2nd quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock worth $216,333,000 after purchasing an additional 2,350,575 shares during the last quarter. FMR LLC raised its position in shares of MFA Financial by 5.0% during the 2nd quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock worth $187,962,000 after purchasing an additional 1,065,338 shares during the last quarter. State Street Corp raised its position in shares of MFA Financial by 0.5% during the 2nd quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock worth $48,305,000 after purchasing an additional 26,708 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of MFA Financial during the 2nd quarter worth approximately $47,801,000. Hedge funds and other institutional investors own 80.27% of the company’s stock.

About MFA Financial

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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