MFA Financial, Inc. (MFA) Stock Rating Lowered by BidaskClub
MFA Financial, Inc. (NYSE:MFA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
MFA has been the topic of several other reports. Zacks Investment Research lowered shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 target price on shares of MFA Financial in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.81.
Shares of MFA Financial (NYSE:MFA) opened at 8.65 on Friday. MFA Financial has a 12-month low of $7.03 and a 12-month high of $8.90. The company has a market capitalization of $3.43 billion, a PE ratio of 10.91 and a beta of 0.71. The firm’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.46.
MFA Financial (NYSE:MFA) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts expect that MFA Financial will post $0.77 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its stake in shares of MFA Financial by 5.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 678 shares in the last quarter. World Asset Management Inc boosted its stake in shares of MFA Financial by 0.7% during the 1st quarter. World Asset Management Inc now owns 13,255 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 90 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of MFA Financial during the 1st quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MFA Financial by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,336 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,198 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in MFA Financial in the 2nd quarter valued at about $116,000. 80.10% of the stock is currently owned by institutional investors and hedge funds.
About MFA Financial
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.
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