Royal Bank Of Canada Reaffirms “Buy” Rating for MFA Financial, Inc. (MFA)
Royal Bank Of Canada reiterated their buy rating on shares of MFA Financial, Inc. (NYSE:MFA) in a research report report published on Tuesday. The firm currently has a $9.00 target price on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the company. BidaskClub upgraded MFA Financial from a hold rating to a buy rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded MFA Financial from a sell rating to a hold rating in a report on Wednesday, August 23rd. JMP Securities cut MFA Financial from an outperform rating to a market perform rating in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $8.50 target price on shares of MFA Financial in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $9.08.
Shares of MFA Financial (NYSE MFA) traded down $0.10 during trading hours on Tuesday, reaching $7.78. The company’s stock had a trading volume of 2,127,787 shares, compared to its average volume of 2,140,000. MFA Financial has a 52-week low of $7.24 and a 52-week high of $8.90. The firm has a market cap of $3,090.00, a PE ratio of 10.85 and a beta of 0.68.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The business had revenue of $55.86 million for the quarter, compared to analyst estimates of $71.13 million. During the same quarter last year, the business earned $0.21 EPS. MFA Financial’s revenue for the quarter was down 13.5% compared to the same quarter last year. equities research analysts anticipate that MFA Financial will post 0.77 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.28%. The ex-dividend date was Wednesday, September 27th. MFA Financial’s dividend payout ratio (DPR) is presently 109.59%.
In related news, insider Ronald A. Freydberg acquired 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $7.78 per share, with a total value of $155,600.00. Following the completion of the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.92% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MFA. Public Employees Retirement Association of Colorado increased its position in shares of MFA Financial by 5.8% during 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 acquiring an additional 678 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of MFA Financial during the second quarter worth about $116,000. World Asset Management Inc increased its position in shares of MFA Financial by 7.9% during the second quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 1,049 shares during the last quarter. Ffcm LLC increased its position in shares of MFA Financial by 144.2% during the second quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 8,936 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MFA Financial by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,563 shares during the last quarter. 80.27% of the stock is currently owned by institutional investors and hedge funds.
MFA Financial Company Profile
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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