MFA FINL INC/SH (NYSE:MFA) Given Consensus Recommendation of “Hold” by Analysts

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MFA FINL INC/SH (NYSE:MFA) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.00.

MFA has been the topic of several recent research reports. Zacks Investment Research upgraded MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Friday, March 8th. JMP Securities cut MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods upgraded MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a report on Thursday, May 16th.

Shares of MFA FINL INC/SH stock opened at $7.22 on Monday. The stock has a market cap of $3.25 billion, a PE ratio of 10.62 and a beta of 0.54. MFA FINL INC/SH has a 12 month low of $6.40 and a 12 month high of $8.15.

MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $61.93 million for the quarter, compared to the consensus estimate of $60.20 million. MFA FINL INC/SH had a net margin of 62.34% and a return on equity of 8.83%. MFA FINL INC/SH’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. On average, sell-side analysts anticipate that MFA FINL INC/SH will post 0.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.08%. The ex-dividend date of this dividend is Friday, June 28th. MFA FINL INC/SH’s dividend payout ratio is presently 117.65%.

A number of hedge funds have recently modified their holdings of MFA. FMR LLC increased its position in MFA FINL INC/SH by 8.1% during the 1st quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock valued at $326,235,000 after buying an additional 3,361,407 shares in the last quarter. Nordea Investment Management AB increased its position in MFA FINL INC/SH by 35.3% during the 1st quarter. Nordea Investment Management AB now owns 909,918 shares of the real estate investment trust’s stock valued at $6,615,000 after buying an additional 237,530 shares in the last quarter. Tiemann Investment Advisors LLC increased its position in MFA FINL INC/SH by 16.7% during the 1st quarter. Tiemann Investment Advisors LLC now owns 43,675 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 6,250 shares in the last quarter. Relative Value Partners Group LLC increased its position in MFA FINL INC/SH by 2.1% during the 1st quarter. Relative Value Partners Group LLC now owns 240,755 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 4,873 shares in the last quarter. Finally, Williams Jones & Associates LLC increased its holdings in shares of MFA FINL INC/SH by 40.8% in the 1st quarter. Williams Jones & Associates LLC now owns 586,986 shares of the real estate investment trust’s stock worth $4,267,000 after purchasing an additional 169,950 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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Analyst Recommendations for MFA FINL INC/SH (NYSE:MFA)

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