MFA Financial, Inc. (MFA) Upgraded to Market Perform by Wells Fargo & Co

MFA Financial, Inc. (NYSE:MFA) was upgraded by Wells Fargo & Co from an “underperform” rating to a “market perform” rating in a report issued on Monday, May 8th.

Several other research firms have also recently weighed in on MFA. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Royal Bank of Canada reissued a “buy” rating on shares of MFA Financial in a report on Thursday, February 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.00 price target on shares of MFA Financial in a report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.97.

Analyst Recommendations for MFA Financial (NYSE:MFA)

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $66.91 million for the quarter, compared to analysts’ expectations of $65.97 million. MFA Financial had a return on equity of 10.62% and a net margin of 65.46%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Wednesday, March 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.85%. MFA Financial’s dividend payout ratio (DPR) is 101.27%.

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Several large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in MFA Financial during the fourth quarter valued at approximately $102,000. Hollow Brook Wealth Management LLC acquired a new stake in shares of MFA Financial during the third quarter worth about $103,000. Chicago Equity Partners LLC acquired a new stake in shares of MFA Financial during the first quarter worth about $105,000. World Asset Management Inc raised its stake in shares of MFA Financial by 0.7% in the first quarter. World Asset Management Inc now owns 13,255 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 90 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of MFA Financial during the first quarter worth about $109,000. Hedge funds and other institutional investors own 84.26% of the company’s stock.

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.

12 Month Chart for NYSE:MFA

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