MFA Financial, Inc. (NYSE:MFA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of MFA Financial, Inc. (NYSE:MFA) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.00.

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $12.50 price target on shares of MFA Financial in a research note on Friday, May 31st.

Institutional Trading of MFA Financial

A number of institutional investors have recently modified their holdings of MFA. Creekmur Asset Management LLC acquired a new stake in MFA Financial in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Trust & Banking Corp raised its position in MFA Financial by 82.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,203 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in MFA Financial during the 1st quarter worth approximately $34,000. Carmichael Hill & Associates Inc. raised its position in MFA Financial by 47.0% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 6,816 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 2,180 shares during the last quarter. Finally, Quent Capital LLC raised its position in MFA Financial by 17.7% during the 1st quarter. Quent Capital LLC now owns 10,031 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,509 shares during the last quarter. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Stock Performance

Shares of NYSE:MFA opened at $10.48 on Tuesday. The firm has a fifty day moving average price of $10.76 and a 200 day moving average price of $11.03. MFA Financial has a fifty-two week low of $8.41 and a fifty-two week high of $11.90. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -130.98 and a beta of 2.15.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date is Friday, June 28th. MFA Financial’s dividend payout ratio is currently -1,749.78%.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, 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.