According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
MFA has been the topic of several other research reports. Deutsche Bank AG set a $7.50 price target on MFA Financial and gave the company a hold rating in a report on Tuesday, August 9th. Compass Point cut MFA Financial from a neutral rating to a sell rating and set a $7.00 price target on the stock. in a report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a hold rating and issued a $7.50 price target on shares of MFA Financial in a report on Sunday, September 11th. Finally, FBR & Co cut MFA Financial from an outperform rating to a market perform rating and set a $7.50 price objective on the stock. in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.60.
Shares of MFA Financial (NYSE:MFA) opened at 7.53 on Friday. MFA Financial has a one year low of $5.61 and a one year high of $7.86. The company has a market capitalization of $2.79 billion, a PE ratio of 9.56 and a beta of 0.53. The company has a 50-day moving average price of $7.68 and a 200 day moving average price of $7.23.
MFA Financial (NYSE:MFA ) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The firm had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $74.09 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was down 17.6% compared to the same quarter last year. Equities analysts anticipate that MFA Financial will post $0.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, September 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 10.62%. MFA Financial’s dividend payout ratio (DPR) is currently 101.27%.
A number of institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in shares of MFA Financial by 0.4% in the second quarter. Hsbc Holdings PLC now owns 15,055 shares of the company’s stock worth $109,000 after buying an additional 58 shares during the period. Panagora Asset Management Inc. boosted its position in shares of MFA Financial by 38.0% in the second quarter. Panagora Asset Management Inc. now owns 18,901 shares of the company’s stock worth $137,000 after buying an additional 5,201 shares during the period. Profund Advisors LLC boosted its position in shares of MFA Financial by 13.7% in the second quarter. Profund Advisors LLC now owns 22,125 shares of the company’s stock worth $161,000 after buying an additional 2,672 shares during the period. Paloma Partners Management Co boosted its position in shares of MFA Financial by 64.8% in the second quarter. Paloma Partners Management Co now owns 23,071 shares of the company’s stock worth $168,000 after buying an additional 9,071 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of MFA Financial during the second quarter worth approximately $166,000. 84.68% 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). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
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