MFA Financial (NYSE:MFA) Price Target Cut to $11.00 by Analysts at Citizens Jmp

MFA Financial (NYSE:MFA) had its price objective lowered by equities researchers at Citizens Jmp from $11.50 to $11.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target indicates a potential upside of 21.08% from the stock’s current price.

A number of other research firms have also recently commented on MFA. BTIG Research raised shares of MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a report on Wednesday, June 17th. Weiss Ratings lowered MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Royal Bank Of Canada reduced their price target on 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. Citigroup reiterated a “market outperform” rating on shares of MFA Financial in a research note on Tuesday. Finally, Keefe, Bruyette & Woods cut their target price on MFA Financial from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MFA Financial has an average rating of “Hold” and a consensus target price of $10.46.

MFA Financial Price Performance

MFA opened at $9.09 on Tuesday. MFA Financial has a 1 year low of $8.78 and a 1 year high of $10.56. The company has a market capitalization of $923.04 million, a price-to-earnings ratio of 10.45 and a beta of 1.42. The firm’s fifty day moving average price is $9.39 and its two-hundred day moving average price is $9.71.

MFA Financial (NYSE:MFA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $43.30 million for the quarter, compared to the consensus estimate of $67.52 million. MFA Financial had a return on equity of 6.86% and a net margin of 17.80%.During the same period in the prior year, the business earned $0.29 EPS.

Institutional Trading of MFA Financial

Several hedge funds and other institutional investors have recently bought and sold shares of MFA. Balyasny Asset Management L.P. boosted its position in MFA Financial by 53.1% during the second quarter. Balyasny Asset Management L.P. now owns 2,820,393 shares of the real estate investment trust’s stock valued at $26,681,000 after buying an additional 977,820 shares during the period. First Trust Advisors LP increased its holdings in shares of MFA Financial by 152.8% in the second quarter. First Trust Advisors LP now owns 1,022,065 shares of the real estate investment trust’s stock worth $9,669,000 after buying an additional 617,759 shares during the period. Renaissance Technologies LLC increased its holdings in shares of MFA Financial by 245.2% in the first quarter. Renaissance Technologies LLC now owns 777,025 shares of the real estate investment trust’s stock worth $7,444,000 after buying an additional 551,927 shares during the period. Two Sigma Investments LP lifted its stake in shares of MFA Financial by 112.1% in the 3rd quarter. Two Sigma Investments LP now owns 778,019 shares of the real estate investment trust’s stock valued at $7,150,000 after acquiring an additional 411,128 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MFA Financial by 75.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 718,940 shares of the real estate investment trust’s stock valued at $6,693,000 after acquiring an additional 308,491 shares during the last quarter. Hedge funds and other institutional investors own 65.28% of the company’s stock.

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.