MFA Financial, Inc. (NYSE:MFA) Receives $12.08 Consensus PT from Analysts

Shares of MFA Financial, Inc. (NYSE:MFAGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.08.

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of MFA Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.25 to $12.00 in a report on Wednesday, December 13th. Raymond James reduced their target price on shares of MFA Financial from $13.00 to $12.50 and set an “outperform” rating for the company in a report on Tuesday, November 21st. Finally, UBS Group assumed coverage on MFA Financial in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 price target for the company.

Read Our Latest Analysis on MFA

Institutional Trading of MFA Financial

Hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in shares of MFA Financial by 55.6% during the first quarter. Allianz Asset Management GmbH now owns 1,131,213 shares of the real estate investment trust’s stock valued at $9,823,000 after purchasing an additional 404,416 shares during the period. Mackenzie Financial Corp raised its position in shares of MFA Financial by 11.5% in the first quarter. Mackenzie Financial Corp now owns 27,712 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 2,859 shares during the period. Prudential Financial Inc. lifted its stake in shares of MFA Financial by 6.4% during the 1st quarter. Prudential Financial Inc. now owns 905,700 shares of the real estate investment trust’s stock valued at $3,650,000 after buying an additional 54,553 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of MFA Financial during the first quarter worth $63,000. Finally, First Trust Advisors LP boosted its stake in MFA Financial by 113.6% in the 1st quarter. First Trust Advisors LP now owns 2,127,278 shares of the real estate investment trust’s stock worth $8,573,000 after purchasing an additional 1,131,300 shares during the period. 57.82% of the stock is owned by institutional investors and hedge funds.

MFA Financial Stock Performance

MFA opened at $11.23 on Thursday. The company has a fifty day moving average price of $11.20 and a two-hundred day moving average price of $10.55. The firm has a market capitalization of $1.15 billion, a PE ratio of 28.08 and a beta of 2.11. MFA Financial has a 52 week low of $8.41 and a 52 week high of $11.90.

MFA Financial (NYSE:MFAGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The firm had revenue of $169.88 million during the quarter, compared to analysts’ expectations of $43.75 million. MFA Financial had a net margin of 13.24% and a return on equity of 9.44%. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities analysts forecast that MFA Financial will post 1.41 EPS for the current year.

MFA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 12.47%. The ex-dividend date was Thursday, December 28th. MFA Financial’s dividend payout ratio (DPR) is presently 350.00%.

MFA Financial Company Profile

(Get Free Report

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

Further Reading

Analyst Recommendations for MFA Financial (NYSE:MFA)

Receive News & Ratings for MFA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial and related companies with MarketBeat.com's FREE daily email newsletter.