Brokerages Set MFA Financial, Inc. (NYSE:MFA) Price Target at $13.40

MFA Financial, Inc. (NYSE:MFA) 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.

MFA Financial Stock Down 0.2 %

Shares of NYSE MFA opened at $12.22 on Thursday. The company’s fifty day simple moving average is $12.23 and its 200 day simple moving average is $11.34. MFA Financial has a 12-month low of $8.41 and a 12-month high of $13.45. The firm has a market cap of $1.25 billion, a PE ratio of -152.75 and a beta of 2.16.

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.