Brokerages Set MFA Financial, Inc. (NYSE:MFA) PT at $12.50

Posted by Defense World Staff on Sep 8th, 2023

Shares of MFA Financial, Inc. (NYSE:MFA – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.50.

MFA has been the subject of a number of research analyst reports. Wedbush assumed coverage on MFA Financial in a research report on Tuesday. They issued an “outperform” rating for the company. JMP Securities increased their target price on MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. StockNews.com assumed coverage on shares of MFA Financial in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price objective on shares of MFA Financial in a research note on Monday, August 28th.

Read Our Latest Analysis on MFA

MFA Financial Stock Up 0.4 %

MFA stock opened at $10.81 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -30.03 and a beta of 1.95. The company’s fifty day simple moving average is $10.97 and its 200 day simple moving average is $10.61. MFA Financial has a 12-month low of $7.15 and a 12-month high of $12.38.

MFA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date was Thursday, June 29th. MFA Financial’s dividend payout ratio is currently -388.88%.

Institutional Trading of MFA Financial

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in MFA Financial by 4.3% in the 2nd quarter. California State Teachers Retirement System now owns 123,728 shares of the real estate investment trust’s stock worth $1,391,000 after buying an additional 5,078 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of MFA Financial by 82.5% in the 2nd quarter. Alliancebernstein L.P. now owns 252,474 shares of the real estate investment trust’s stock worth $2,838,000 after acquiring an additional 114,120 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of MFA Financial by 40.3% in the 2nd quarter. Wells Fargo & Company MN now owns 131,062 shares of the real estate investment trust’s stock valued at $1,473,000 after purchasing an additional 37,648 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of MFA Financial by 67.9% during the 2nd quarter. Natixis Advisors L.P. now owns 380,308 shares of the real estate investment trust’s stock valued at $4,275,000 after purchasing an additional 153,839 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in MFA Financial in the 2nd quarter worth $2,214,000. 57.82% of the stock is owned by institutional investors.

MFA Financial Company Profile

(Get Free Report

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. The company invests in residential mortgage assets, 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.