MFA Financial (NYSE:MFA) Price Target Raised to $10.50

MFA Financial (NYSE:MFA) had its price objective increased by UBS Group from $10.00 to $10.50 in a report published on Wednesday, Marketbeat.com reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods lowered MFA Financial from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $12.00 to $10.00 in a research note on Thursday, July 10th. Royal Bank Of Canada set a $10.00 price objective on MFA Financial and gave the stock a “sector perform” rating in a research note on Wednesday, May 28th. Jones Trading reissued a “hold” rating on shares of MFA Financial in a research note on Monday, August 11th. Finally, JMP Securities reduced their price objective on MFA Financial from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.14.

MFA Financial Price Performance

Shares of MFA stock opened at $10.41 on Wednesday. The stock’s fifty day simple moving average is $9.61 and its 200 day simple moving average is $9.74. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 11.96 and a beta of 1.68. MFA Financial has a one year low of $7.85 and a one year high of $13.45.

MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $61.28 million during the quarter, compared to analyst estimates of $59.50 million. MFA Financial had a net margin of 17.62% and a return on equity of 8.61%. During the same period in the prior year, the firm earned $0.32 EPS. On average, research analysts anticipate that MFA Financial will post 1.5 earnings per share for the current year.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.44 annualized dividend and a yield of 13.8%. MFA Financial’s dividend payout ratio is 165.52%.

Institutional Trading of MFA Financial

Several institutional investors and hedge funds have recently bought and sold shares of MFA. Golden State Wealth Management LLC bought a new stake in MFA Financial in the first quarter valued at approximately $25,000. Trust Co. of Vermont bought a new stake in MFA Financial in the second quarter valued at approximately $28,000. Headlands Technologies LLC raised its stake in MFA Financial by 62.3% in the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,149 shares during the period. IFP Advisors Inc raised its stake in MFA Financial by 40.7% in the second quarter. IFP Advisors Inc now owns 4,321 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,250 shares during the period. Finally, Huntington National Bank raised its stake in MFA Financial by 58.6% in the second quarter. Huntington National Bank now owns 5,790 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,139 shares during the period. Institutional investors own 65.28% of the company’s stock.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.