MFA Finl Inc/SH (NYSE:MFA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “

A number of other brokerages have also issued reports on MFA. Compass Point set a $8.00 target price on shares of MFA Finl Inc/SH and gave the stock a “hold” rating in a research report on Thursday, August 2nd. JPMorgan Chase & Co. lowered shares of MFA Finl Inc/SH from an “overweight” rating to a “neutral” rating in a research report on Monday, July 23rd. Finally, ValuEngine lowered shares of MFA Finl Inc/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.44.

Shares of MFA opened at $7.78 on Wednesday. The company has a market cap of $3.10 billion, a PE ratio of 9.85 and a beta of 0.33. MFA Finl Inc/SH has a 12-month low of $6.72 and a 12-month high of $8.90.

MFA Finl Inc/SH (NYSE:MFA) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $49.94 million for the quarter, compared to analysts’ expectations of $58.57 million. MFA Finl Inc/SH had a return on equity of 9.82% and a net margin of 77.32%. The business’s revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. research analysts predict that MFA Finl Inc/SH will post 0.74 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its position in MFA Finl Inc/SH by 8.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 88,529 shares of the real estate investment trust’s stock valued at $671,000 after buying an additional 7,192 shares during the last quarter. Creative Planning grew its position in MFA Finl Inc/SH by 21.8% in the 2nd quarter. Creative Planning now owns 43,032 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 7,705 shares during the last quarter. Moody Aldrich Partners LLC purchased a new position in MFA Finl Inc/SH in the 2nd quarter valued at $65,415,000. SG Americas Securities LLC grew its position in MFA Finl Inc/SH by 35.1% in the 1st quarter. SG Americas Securities LLC now owns 35,403 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 9,203 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in MFA Finl Inc/SH by 37.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 34,800 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 9,500 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

MFA Finl Inc/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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Analyst Recommendations for MFA Finl Inc/SH (NYSE:MFA)

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