MFA Financial, Inc. (MFA) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of MFA Financial, Inc. (NYSE:MFA) from a sell rating to a hold rating in a research note released on Tuesday.
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 subject of a number of other reports. Wells Fargo & Company raised MFA Financial from an underperform rating to a market perform rating in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a buy rating and issued a $9.00 price target on shares of MFA Financial in a report on Monday, May 15th. BidaskClub raised MFA Financial from a hold rating to a buy rating in a report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $8.50 price target on shares of MFA Financial in a report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MFA Financial has an average rating of Hold and an average target price of $8.45.
Shares of MFA Financial (NYSE MFA) opened at 8.67 on Tuesday. The company’s 50-day moving average price is $8.71 and its 200 day moving average price is $8.36. MFA Financial has a 12-month low of $7.03 and a 12-month high of $8.90. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.93 and a beta of 0.71.
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 for the quarter, beating the 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 in the prior year, the company earned $0.20 earnings per share. MFA Financial’s revenue was down 8.5% compared to the same quarter last year. On average, equities analysts forecast that MFA Financial will post $0.77 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new stake in shares of MFA Financial in the second quarter worth $291,000. Public Employees Retirement Association of Colorado raised its position in shares of MFA Financial by 5.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 678 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of MFA Financial in the first quarter worth $105,000. World Asset Management Inc raised its position in shares of MFA Financial by 0.7% in the first quarter. World Asset Management Inc now owns 13,255 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 90 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of MFA Financial in the first quarter worth $109,000. 80.10% of the stock is 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.
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