Zacks Investment Research upgraded shares of MFA Finl Inc/SH (NYSE:MFA) from a sell rating to a hold rating in a report published on Wednesday.
According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
MFA has been the topic of a number of other reports. JPMorgan Chase & Co. lowered shares of MFA Finl Inc/SH from an overweight rating to a neutral rating in a report on Monday, July 23rd. ValuEngine lowered shares of MFA Finl Inc/SH from a hold rating to a sell rating in a report on Tuesday, August 7th. Finally, Compass Point set a $8.00 price objective on shares of MFA Finl Inc/SH and gave the company a hold rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $8.44.
MFA Finl Inc/SH (NYSE:MFA) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). MFA Finl Inc/SH had a net margin of 77.32% and a return on equity of 9.82%. The firm had revenue of $49.94 million during the quarter, compared to analyst estimates of $58.57 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. MFA Finl Inc/SH’s revenue for the quarter was down 18.3% compared to the same quarter last year. equities research analysts forecast that MFA Finl Inc/SH will post 0.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 1st will be issued a $0.20 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.67%. MFA Finl Inc/SH’s payout ratio is 101.27%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fiduciary Financial Services of The Southwest Inc. TX acquired a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $103,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in MFA Finl Inc/SH during the 2nd quarter worth $104,000. Qube Research & Technologies Ltd acquired a new stake in MFA Finl Inc/SH during the 2nd quarter worth $114,000. Alps Advisors Inc. acquired a new stake in MFA Finl Inc/SH during the 2nd quarter worth $199,000. Finally, Trilogy Capital Inc. acquired a new stake in MFA Finl Inc/SH during the 2nd quarter worth $207,000. Institutional investors and hedge funds own 78.23% of the company’s stock.
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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