MFA Financial Inc. (MFA) Cut to “Hold” at Zacks Investment Research
MFA Financial Inc. (NYSE:MFA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued a “buy” rating and set a $8.00 price objective on shares of MFA Financial in a research note on Friday, November 4th. Deutsche Bank AG set a $7.50 price objective on shares of MFA Financial and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reissued a “hold” rating and set a $7.50 price objective on shares of MFA Financial in a research note on Sunday, September 11th. Finally, FBR & Co lowered shares of MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price objective on the stock. in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.67.
Shares of MFA Financial (NYSE:MFA) opened at 7.85 on Wednesday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 9.86 and a beta of 0.62. The stock’s 50 day moving average is $7.39 and its 200 day moving average is $7.42. MFA Financial has a 52 week low of $5.61 and a 52 week high of $7.96.
MFA Financial (NYSE:MFA ) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. MFA Financial had a net margin of 65.46% and a return on equity of 10.62%. During the same quarter in the previous year, the company earned $0.20 EPS. On average, equities analysts forecast that MFA Financial will post $0.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Wednesday, September 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 10.19%. MFA Financial’s dividend payout ratio (DPR) is 101.27%.
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A number of hedge funds and other institutional investors have recently modified their holdings of MFA. Hollow Brook Wealth Management LLC bought a new position in shares of MFA Financial during the third quarter worth $103,000. World Asset Management Inc bought a new position in shares of MFA Financial during the third quarter worth $110,000. Gerstein Fisher increased its position in shares of MFA Financial by 22.3% in the third quarter. Gerstein Fisher now owns 14,840 shares of the company’s stock worth $111,000 after buying an additional 2,708 shares during the period. Hsbc Holdings PLC increased 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. Finally, Panagora Asset Management Inc. increased 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. Institutional investors own 83.95% of the company’s stock.
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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