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

Shares of MFA Financial, Inc. (NYSE:MFA) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.4583.

Several analysts recently commented on MFA shares. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Wednesday, June 17th. Weiss Ratings downgraded MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 11th. 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. Citizens Jmp decreased their price objective on MFA Financial from $11.50 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Finally, William Blair set a $11.00 target price on shares of MFA Financial in a report on Tuesday, August 4th.

MFA Financial Stock Performance

MFA opened at $8.31 on Friday. The firm’s fifty day moving average is $8.94 and its two-hundred day moving average is $9.42. The firm has a market cap of $840.56 million, a PE ratio of 8.31 and a beta of 1.41. MFA Financial has a twelve month low of $8.29 and a twelve month high of $10.43.

Institutional Investors Weigh In On MFA Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in MFA Financial in the 2nd quarter worth $26,000. Optiver Holding B.V. acquired a new stake in shares of MFA Financial in the 1st quarter valued at about $29,000. Public Employees Retirement System of Ohio acquired a new stake in shares of MFA Financial in the 2nd quarter valued at about $32,000. Global Retirement Partners LLC bought a new stake in shares of MFA Financial in the second quarter valued at about $39,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of MFA Financial by 109.4% in the second 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 in the last quarter. 65.28% of the stock is currently owned by institutional investors and hedge funds.

MFA Financial Company Profile

MFA Financial, Inc is a real estate investment trust (REIT) that focuses primarily on residential mortgage assets. The company invests in and manages a portfolio that may include agency and non-agency mortgage-backed securities, residential whole loans, mortgage servicing rights and other residential credit investments.

MFA’s investment activities are designed to provide exposure to the U.S. residential housing and mortgage markets. Through its affiliated businesses, the company also participates in residential lending, including financing for single-family rental properties and residential real estate investors.

Founded in 1997 and headquartered in New York City, MFA Financial has operated as a publicly traded mortgage REIT since its initial public offering in 1998.