MFA Financial, Inc. (NYSE:MFA) has earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.75.

Several equities analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating on shares of MFA Financial in a research report on Friday, November 3rd. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 price target on shares of MFA Financial in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.

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MFA Financial (NYSE MFA) opened at $8.00 on Friday. MFA Financial has a 52-week low of $7.47 and a 52-week high of $8.90. The stock has a market cap of $3,180.00, a PE ratio of 11.07 and a beta of 0.68.

MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The company had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. During the same quarter in the prior year, the firm earned $0.21 EPS. MFA Financial’s quarterly revenue was down 13.5% compared to the same quarter last year. analysts expect that MFA Financial will post 0.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend was Wednesday, September 27th. MFA Financial’s dividend payout ratio (DPR) is presently 109.59%.

In other news, insider Ronald A. Freydberg bought 20,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of $7.78 per share, for a total transaction of $155,600.00. Following the completion of the purchase, the insider now owns 579,714 shares in the company, valued at approximately $4,510,174.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.92% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado lifted its stake in shares of MFA Financial by 5.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 678 shares in the last quarter. Benchmark Capital Advisors lifted its stake in shares of MFA Financial by 0.4% in the second quarter. Benchmark Capital Advisors now owns 248,722 shares of the real estate investment trust’s stock worth $2,087,000 after buying an additional 900 shares in the last quarter. World Asset Management Inc lifted its stake in shares of MFA Financial by 7.9% in the second quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 1,049 shares in the last quarter. Pacad Investment Ltd. lifted its stake in shares of MFA Financial by 1.4% in the second quarter. Pacad Investment Ltd. now owns 78,300 shares of the real estate investment trust’s stock worth $657,000 after buying an additional 1,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MFA Financial by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,563 shares in the last quarter. Hedge funds and other institutional investors own 78.62% 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.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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