MFA Financial, Inc. (NYSE:MFA) Receives Average Rating of “Moderate Buy” from Analysts

Posted by Defense World Staff on Jun 8th, 2023

MFA Financial, Inc. (NYSE:MFA – Get Rating) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.45.

MFA has been the subject of a number of recent research reports. Credit Suisse Group reissued an “outperform” rating and issued a $12.50 price objective on shares of MFA Financial in a research note on Friday, March 10th. StockNews.com assumed coverage on shares of MFA Financial in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price target on shares of MFA Financial in a report on Tuesday, March 7th.

MFA Financial Stock Up 1.0 %

MFA opened at $11.24 on Thursday. The firm has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $10.59. MFA Financial has a 52 week low of $7.15 and a 52 week high of $14.00. The company has a market capitalization of $1.15 billion, a PE ratio of -10.41 and a beta of 1.95.

MFA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date of this dividend was Thursday, March 30th. MFA Financial’s dividend payout ratio (DPR) is presently -129.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH grew its position in shares of MFA Financial by 55.6% during the 1st quarter. Allianz Asset Management GmbH now owns 1,131,213 shares of the real estate investment trust’s stock worth $9,823,000 after buying an additional 404,416 shares in the last quarter. Mackenzie Financial Corp increased its position in MFA Financial by 11.5% during the 1st quarter. Mackenzie Financial Corp now owns 27,712 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 2,859 shares during the period. Prudential Financial Inc. raised its holdings in shares of MFA Financial by 6.4% in the 1st quarter. Prudential Financial Inc. now owns 905,700 shares of the real estate investment trust’s stock valued at $3,650,000 after purchasing an additional 54,553 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of MFA Financial in the 1st quarter worth approximately $63,000. Finally, First Trust Advisors LP boosted its stake in shares of MFA Financial by 113.6% during the first quarter. First Trust Advisors LP now owns 2,127,278 shares of the real estate investment trust’s stock valued at $8,573,000 after purchasing an additional 1,131,300 shares in the last quarter. Institutional investors own 64.40% of the company’s stock.

MFA Financial Company Profile

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MFA Financial, Inc is a real estate investment trust. engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, Non-Agency mortgage backed securities and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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