MFA Financial, Inc. (NYSE:MFA) Receives $12.00 Average Price Target from Analysts

Shares of MFA Financial, Inc. (NYSE:MFA) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.00.

MFA has been the topic of several research analyst reports. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. JMP Securities reiterated a “market outperform” rating and set a $12.50 price target on shares of MFA Financial in a research report on Friday, May 31st.

Institutional Trading of MFA Financial

A number of institutional investors have recently bought and sold shares of the company. Capital Square LLC lifted its position in shares of MFA Financial by 2.8% in the second quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 1,139 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of MFA Financial by 82.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,203 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of MFA Financial by 8.5% in the first quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,447 shares during the last quarter. Quent Capital LLC lifted its position in shares of MFA Financial by 17.7% in the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,508 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of MFA Financial by 6.9% in the first quarter. Global Retirement Partners LLC now owns 30,658 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 1,979 shares during the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

MFA Financial Price Performance

Shares of MFA Financial stock opened at $10.82 on Friday. The business’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.97. The company has a market capitalization of $1.10 billion, a P/E ratio of -135.25 and a beta of 2.15. MFA Financial has a 1-year low of $8.41 and a 1-year high of $11.90.

MFA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 12.94%. MFA Financial’s payout ratio is -1,750.00%.

MFA Financial Company Profile

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