MFA Financial, Inc. (NYSE:MFA) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $8.50.
Several brokerages recently weighed in on MFA. B. Riley reaffirmed a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $9.00 price target on shares of MFA Financial in a report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded MFA Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th.
In other MFA Financial news, CEO Craig L. Knutson bought 8,000 shares of MFA Financial stock in a transaction on Wednesday, February 21st. The stock was bought at an average price of $7.30 per share, with a total value of $58,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is owned by company insiders.
Shares of MFA Financial (MFA) opened at $7.39 on Tuesday. MFA Financial has a fifty-two week low of $6.72 and a fifty-two week high of $8.90. The firm has a market capitalization of $2,930.00, a price-to-earnings ratio of 9.35 and a beta of 0.46.
MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. MFA Financial had a return on equity of 10.04% and a net margin of 61.24%. The firm had revenue of $52.41 million during the quarter, compared to the consensus estimate of $76.10 million. During the same period last year, the company earned $0.18 earnings per share. research analysts predict that MFA Financial will post 0.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, December 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend was Wednesday, December 27th. MFA Financial’s dividend payout ratio is presently 101.27%.
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About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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