MFA Financial, Inc. to Issue Quarterly Dividend of $0.36 (NYSE:MFA)

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 15.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

MFA Financial has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Stock Performance

MFA Financial stock opened at $9.29 on Friday. The firm has a market cap of $943.36 million, a PE ratio of 10.67 and a beta of 1.43. The firm’s 50 day moving average price is $9.71 and its two-hundred day moving average price is $9.75. MFA Financial has a twelve month low of $8.78 and a twelve month high of $10.56.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $43.31 million during the quarter, compared to analyst estimates of $67.52 million. MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. During the same quarter in the prior year, the company posted $0.29 EPS.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of MFA Financial in a research note on Wednesday, April 15th. Royal Bank Of Canada decreased their target price on shares of MFA Financial from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Wednesday, June 3rd. Citizens Jmp boosted their target price on shares of MFA Financial from $11.00 to $11.50 and gave the stock a “market outperform” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods decreased their target price on shares of MFA Financial from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. Finally, Citigroup reissued an “outperform” rating on shares of MFA Financial in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.44.

MFA Financial Company Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.