MFA Financial, Inc. (NYSE:MFA) Receives $10.46 Consensus Price Target from Analysts

Shares of MFA Financial, Inc. (NYSE:MFA) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.4583.

MFA has been the subject of a number of recent research reports. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a report on Wednesday, June 17th. Keefe, Bruyette & Woods lowered their price target on MFA Financial from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of MFA Financial in a report on Thursday, August 20th. Weiss Ratings raised shares of MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Finally, Citizens Jmp reduced their price target on shares of MFA Financial from $11.50 to $11.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 4th.

MFA Financial Stock Performance

Shares of MFA opened at $8.83 on Tuesday. The company has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $9.59. The firm has a market capitalization of $892.62 million, a P/E ratio of 8.83 and a beta of 1.42. MFA Financial has a 52 week low of $8.76 and a 52 week high of $10.56.

MFA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend was Tuesday, June 30th. MFA Financial’s payout ratio is currently 144.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MFA. BlackRock Inc. lifted its holdings in MFA Financial by 3.0% in the second quarter. BlackRock Inc. now owns 9,459,988 shares of the real estate investment trust’s stock valued at $91,667,000 after buying an additional 271,707 shares during the period. Balyasny Asset Management L.P. grew its holdings in MFA Financial by 53.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,820,393 shares of the real estate investment trust’s stock worth $26,681,000 after acquiring an additional 977,820 shares during the period. Wolverine Asset Management LLC raised its position in shares of MFA Financial by 9.2% during the 4th quarter. Wolverine Asset Management LLC now owns 1,653,062 shares of the real estate investment trust’s stock valued at $15,390,000 after acquiring an additional 139,559 shares during the last quarter. Invesco Ltd. raised its position in shares of MFA Financial by 9.2% during the 2nd quarter. Invesco Ltd. now owns 1,647,612 shares of the real estate investment trust’s stock valued at $15,586,000 after acquiring an additional 139,156 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MFA Financial by 6.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,286,163 shares of the real estate investment trust’s stock valued at $11,820,000 after acquiring an additional 80,900 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.

About MFA Financial

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.