MFA Financial, Inc. (NYSE:MFA) Stock Now Rated “Hold” by Wall Street Brokerages

MFA Financial, Inc. (NYSE:MFA) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.29.

MFA has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of MFA Financial in a research report on Thursday, August 20th. Citizens Jmp decreased their target price on shares of MFA Financial from $11.50 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings cut shares of MFA Financial from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. William Blair set a $11.00 price target on shares of MFA Financial in a research report on Tuesday, August 4th. Finally, BTIG Research restated a “buy” rating and set a $9.50 price target (down from $10.50) on shares of MFA Financial in a research report on Tuesday, October 6th.

MFA Financial Stock Up 0.4%

Shares of NYSE MFA opened at $6.71 on Wednesday. The company has a market cap of $677.81 million, a P/E ratio of 6.71 and a beta of 1.45. MFA Financial has a 52 week low of $6.55 and a 52 week high of $10.43. The business has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $9.18.

MFA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.44 annualized dividend and a yield of 21.5%. MFA Financial’s dividend payout ratio (DPR) is currently 144.00%.

Institutional Trading of MFA Financial

A number of large investors have recently modified their holdings of MFA. QRG Capital Management Inc. grew its holdings in shares of MFA Financial by 76.4% during the second quarter. QRG Capital Management Inc. now owns 79,716 shares of the real estate investment trust’s stock worth $772,000 after purchasing an additional 34,531 shares in the last quarter. State Street Corp lifted its position in MFA Financial by 6.0% during the second quarter. State Street Corp now owns 2,576,990 shares of the real estate investment trust’s stock valued at $25,869,000 after purchasing an additional 145,992 shares during the last quarter. WINTON GROUP Ltd purchased a new position in MFA Financial in the 2nd quarter worth approximately $226,000. Integrated Wealth Concepts LLC purchased a new position in MFA Financial in the 2nd quarter worth approximately $26,000. Finally, Corient Private Wealth LP grew its stake in MFA Financial by 60.1% in the 2nd quarter. Corient Private Wealth LP now owns 172,669 shares of the real estate investment trust’s stock worth $1,679,000 after buying an additional 64,845 shares in the last quarter. Institutional investors own 65.28% of the company’s stock.

MFA Financial Company Profile

MFA Financial, Inc is a real estate investment trust that invests primarily in residential mortgage assets. The company focuses on generating income from a portfolio of residential mortgage loans, mortgage-backed securities and other mortgage-related investments.

Its investments may include agency and non-agency mortgage-backed securities, residential whole loans, credit-risk transfer securities and mortgage servicing rights. MFA also acquires and manages residential mortgage assets through subsidiaries and strategic investment relationships, with activities centered on the U.S.