MFA Financial, Inc. (NYSE:MFA) Stock Has Consensus Target Price of $9.79

Shares of MFA Financial, Inc. (NYSE:MFA) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.79.

Several analysts have issued reports on MFA shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of MFA Financial in a research report on Thursday, August 20th. BTIG Research reissued a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of MFA Financial in a research report on Tuesday, October 6th. Citigroup restated a “market outperform” rating on shares of MFA Financial in a research note on Thursday, October 15th. Citizens Jmp dropped their target price on shares of MFA Financial from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Thursday, October 15th. Finally, Weiss Ratings cut shares of MFA Financial from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th.

Institutional Investors Weigh In On MFA Financial

A number of institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. increased its position in MFA Financial by 12.8% during the third quarter. Wedbush Securities Inc. now owns 16,067 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,823 shares in the last quarter. Jennison Associates LLC grew its holdings in MFA Financial by 2.8% in the 1st quarter. Jennison Associates LLC now owns 74,929 shares of the real estate investment trust’s stock valued at $718,000 after buying an additional 2,074 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of MFA Financial by 109.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,325 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,260 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in MFA Financial in the second quarter valued at $26,000. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of MFA Financial by 11.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 30,000 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 65.28% of the company’s stock.

MFA Financial Trading Down 4.9%

MFA stock opened at $6.23 on Friday. The stock has a 50-day moving average price of $7.58 and a two-hundred day moving average price of $9.11. The stock has a market cap of $629.24 million, a PE ratio of -11.53 and a beta of 1.51. MFA Financial has a 1 year low of $6.21 and a 1 year high of $10.43.

MFA Financial (NYSE:MFA) last announced its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of ($84.47) million during the quarter, compared to analyst estimates of $59.52 million. MFA Financial had a negative net margin of 1.48% and a positive return on equity of 9.82%.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Monday, October 5th were given a dividend of $0.36 per share. The ex-dividend date was Monday, October 5th. This represents a $1.44 annualized dividend and a yield of 23.1%. MFA Financial’s dividend payout ratio (DPR) is -266.67%.

About MFA Financial

MFA Financial, Inc (NYSE: MFA) is a real estate investment trust and specialty finance company focused on residential mortgage assets. The company invests in a range of mortgage-related investments, including agency and non-agency residential mortgage-backed securities, residential whole loans, mortgage servicing rights and other assets associated with the U.S. housing finance market.

MFA Financial generally seeks to generate income from its investment portfolio through interest payments, servicing-related income and other returns associated with residential mortgage credit.