Shares of MFA Financial, Inc. (NYSE:MFA – Get Free Report) 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.
Get Our Latest Research Report on MFA Financial
Institutional Trading of MFA Financial
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.
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