MFA Financial, Inc. (NYSE:MFA – Get Free Report) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.40.
A number of brokerages recently weighed in on MFA. StockNews.com raised shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Raymond James upped their price target on shares of MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods increased their price target on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wedbush lifted their price target on shares of MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, JMP Securities boosted their price objective on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Friday, September 6th.
Read Our Latest Analysis on MFA
MFA Financial Stock Down 0.2 %
MFA Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.46%. The ex-dividend date is Friday, September 27th. MFA Financial’s payout ratio is -1,750.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MFA. Future Financial Wealth Managment LLC purchased a new stake in MFA Financial in the 3rd quarter worth approximately $38,000. Handelsbanken Fonder AB boosted its position in MFA Financial by 16.8% during the third quarter. Handelsbanken Fonder AB now owns 27,847 shares of the real estate investment trust’s stock worth $354,000 after purchasing an additional 4,000 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of MFA Financial in the third quarter valued at approximately $392,000. Waterfall Asset Management LLC purchased a new position in shares of MFA Financial during the 2nd quarter valued at approximately $1,150,000. Finally, Algert Global LLC grew its stake in MFA Financial by 6.9% in the 2nd quarter. Algert Global LLC now owns 158,903 shares of the real estate investment trust’s stock valued at $1,691,000 after acquiring an additional 10,280 shares during the period. 65.28% of the stock is owned by institutional investors and hedge funds.
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.
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