MFA Financial (NYSE: MFA) hits new 52-week high with analyst upgrade
MFA Financial, Inc. (NYSE: MFA) hit a new 52-week high on Friday after JMP Securities raised its share price target from $ 4.25 to $ 4.75. JMP Securities currently has an outperformance rating on the stock. MFA Financial traded as high as $ 4.38 and last traded at $ 4.36, with volume of 160,785 shares. The stock had previously closed at $ 4.22.
Other stock analysts have also recently published research reports on the company. Zacks investment research downgraded MFA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 2. Keefe, Bruyette & Woods upgraded MFA Financial from a “market performance” rating to an “outperformance” rating in a research note Tuesday. Three investment analysts rated the stock with a sustaining rating and three gave the company a buy rating. MFA Financial has a “Buy” consensus rating and an average target price of $ 4.13.
A number of hedge funds have recently changed their holdings in the company. BlackRock Inc. increased its holdings in MFA Financial by 7.0% during the 4th quarter. BlackRock Inc. now owns 45,017,854 Real Estate Investment Trust shares valued at $ 175,120,000 after acquiring an additional 2,950,035 shares during the period. Starwood Capital Group Management LLC purchased a new stake in MFA Financial during the 4th quarter valued at $ 165,536,000. Credit Suisse AG increased its stake in MFA Financial by 18.6% in the fourth quarter. Credit Suisse AG now owns 6,738,956 real estate investment trust shares worth $ 26,216,000 after acquiring an additional 1,058,264 shares during the period. Norges Bank purchased a new stake in MFA Financial during the 4th quarter valued at $ 23,272,000. Finally, Charles Schwab Investment Management Inc. increased its stakes in MFA Financial by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,924,930 Real Estate Investment Trust shares valued at $ 19,158,000 after acquiring an additional 235,750 shares during the period. 49.35% of the shares are currently held by institutional investors and hedge funds.
The company’s fifty-day simple moving average is $ 4.15 and its 200-day simple moving average is $ 3.69. The company has a market cap of $ 1.98 billion, a P / E ratio of -2.91 and a beta of 1.65.
MFA Financial (NYSE: MFA) last released its quarterly results on Monday, February 22. The REIT reported earnings per share of $ 0.08 for the quarter, beating the consensus estimate of $ 0.07 by $ 0.01. MFA Financial posted a negative net margin of 118.04% and a positive return on equity of 11.32%. As a group, equity research analysts predict that MFA Financial, Inc. will post earnings per share of -0.24 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 30. Shareholders of record on Wednesday March 31 will receive a dividend of $ 0.075. The ex-dividend date of this dividend is Tuesday March 30. This represents an annualized dividend of $ 0.30 and a dividend yield of 6.86%. MFA Financial’s payout ratio is currently 38.96%.
MFA Financial Company Profile (NYSE: MFA)
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 agency-less Mortgage Backed Securities (MBS), agency MBS and credit risk transfer securities; entire residential loans, including purchased performing loans, deteriorated purchased credit, and non-performing loans; and assets related to mortgage management rights.
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