MFA Financial, Inc. (MFA) to Issue Quarterly Dividend of $0.36 on January 30th

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.36 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 14.8%. The ex-dividend date is Wednesday, December 31st.

MFA Financial has decreased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Stock Performance

Shares of NYSE MFA opened at $9.73 on Monday. The company has a market cap of $993.90 million, a PE ratio of 11.44 and a beta of 1.61. The business has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $9.50. MFA Financial has a fifty-two week low of $7.85 and a fifty-two week high of $11.08.

MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.10). The company had revenue of $101.03 million for the quarter, compared to analyst estimates of $57.40 million. MFA Financial had a net margin of 17.51% and a return on equity of 7.26%. During the same quarter last year, the company earned $0.37 EPS. On average, sell-side analysts predict that MFA Financial will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MFA. Wall Street Zen raised shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings lowered MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 22nd. Finally, UBS Group lowered their price target on MFA Financial from $10.50 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MFA Financial currently has an average rating of “Hold” and a consensus target price of $11.05.

MFA Financial Company Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.