MFA Financial, Inc. (MFA) to Distribute Quarterly Dividend of $0.36 on October 30th

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Monday, October 5th will be paid a dividend of $0.36 per share by the real estate investment trust on Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 18.8%. The ex-dividend date of this dividend is Monday, October 5th.

MFA Financial has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a payout ratio of 104.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Price Performance

NYSE MFA opened at $7.66 on Friday. MFA Financial has a 12 month low of $7.58 and a 12 month high of $10.43. The company has a 50-day moving average of $8.75 and a 200-day moving average of $9.32. The company has a market cap of $773.83 million, a P/E ratio of 7.66 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MFA shares. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a research report on Wednesday, June 17th. Citigroup reaffirmed a “market outperform” rating on shares of MFA Financial in a report on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $10.00 price objective on shares of MFA Financial in a report on Thursday, August 20th. Weiss Ratings lowered shares of MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Finally, William Blair set a $11.00 price target on MFA Financial in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.46.

About MFA Financial

MFA Financial, Inc is a real estate investment trust that invests primarily in residential mortgage assets. The company focuses on generating income from a portfolio of residential mortgage loans, mortgage-backed securities and other mortgage-related investments.

Its investments may include agency and non-agency mortgage-backed securities, residential whole loans, credit-risk transfer securities and mortgage servicing rights. MFA also acquires and manages residential mortgage assets through subsidiaries and strategic investment relationships, with activities centered on the U.S.