MFA Financial, Inc. (NYSE:MFA) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Other analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Friday, May 5th. Zacks Investment Research upgraded MFA Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Finally, Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.29.

Shares of MFA Financial (NYSE MFA) opened at 8.78 on Wednesday. The stock has a market cap of $3.48 billion, a P/E ratio of 11.07 and a beta of 0.72. MFA Financial has a 52-week low of $7.03 and a 52-week high of $8.90. The firm’s 50-day moving average price is $8.68 and its 200-day moving average price is $8.33.

MFA Financial (NYSE:MFA) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The business had revenue of $61.14 million during the quarter, compared to analyst estimates of $68.91 million. During the same period last year, the company earned $0.20 earnings per share. MFA Financial’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts forecast that MFA Financial will post $0.77 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of MFA. Vanguard Group Inc. increased its position in MFA Financial by 7.1% in the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock valued at $268,322,000 after buying an additional 2,106,310 shares during the last quarter. BlackRock Inc. increased its position in MFA Financial by 10.0% in the second quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock valued at $216,333,000 after buying an additional 2,350,575 shares during the last quarter. FMR LLC increased its position in MFA Financial by 5.0% in the second quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock valued at $187,962,000 after buying an additional 1,065,338 shares during the last quarter. Wellington Management Group LLP increased its position in MFA Financial by 1.5% in the first quarter. Wellington Management Group LLP now owns 12,719,160 shares of the real estate investment trust’s stock valued at $102,772,000 after buying an additional 188,153 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in MFA Financial by 3.3% in the first quarter. Geode Capital Management LLC now owns 5,932,340 shares of the real estate investment trust’s stock valued at $47,933,000 after buying an additional 189,548 shares during the last quarter. 80.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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