Investment analysts at Wedbush initiated coverage on shares of MFA FINL INC/SH (NYSE:MFA) in a research note issued to investors on Wednesday, The Fly reports. The firm set an “outperform” rating on the real estate investment trust’s stock.

MFA has been the subject of a number of other research reports. Royal Bank of Canada assumed coverage on shares of MFA FINL INC/SH in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $8.00 price objective for the company. Zacks Investment Research downgraded shares of MFA FINL INC/SH from a “buy” rating to a “hold” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.00.

Shares of MFA traded up $0.05 during midday trading on Wednesday, hitting $7.45. The company had a trading volume of 4,088,300 shares, compared to its average volume of 2,281,596. The company’s 50 day moving average price is $7.33 and its 200 day moving average price is $7.29. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 10.96 and a beta of 0.52. MFA FINL INC/SH has a 52 week low of $6.40 and a 52 week high of $7.66.

MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. MFA FINL INC/SH had a net margin of 61.54% and a return on equity of 9.39%. The company had revenue of $59.89 million during the quarter, compared to the consensus estimate of $67.90 million. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s revenue was up 19.9% on a year-over-year basis. On average, research analysts predict that MFA FINL INC/SH will post 0.76 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of MFA FINL INC/SH during the 2nd quarter valued at about $412,000. HighTower Advisors LLC bought a new stake in shares of MFA FINL INC/SH during the 2nd quarter valued at about $564,000. Van ECK Associates Corp grew its position in MFA FINL INC/SH by 13.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,140,877 shares of the real estate investment trust’s stock worth $8,191,000 after purchasing an additional 130,973 shares during the last quarter. Jag Capital Management LLC bought a new position in MFA FINL INC/SH in the 2nd quarter worth about $992,000. Finally, Eqis Capital Management Inc. grew its position in MFA FINL INC/SH by 1.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 101,443 shares of the real estate investment trust’s stock worth $728,000 after purchasing an additional 1,569 shares during the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

About MFA FINL INC/SH

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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