MFA Financial (NYSE:MFA) Stock Gets Price Target Reduction from Citizens Jmp

MFA Financial (NYSE:MFA) had its target price reduced by Citizens Jmp from $11.00 to $8.00 in a report released on Thursday morning,Benzinga reports. They currently have a market outperform rating on the real estate investment trust’s stock.

MFA has been the topic of a number of other research reports. Citigroup reaffirmed a “market outperform” rating on shares of MFA Financial in a research report on Thursday. William Blair set a $11.00 target price on MFA Financial in a report on Tuesday, August 4th. Weiss Ratings lowered MFA Financial from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of MFA Financial in a research note on Thursday, August 20th. Finally, BTIG Research reissued a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of MFA Financial in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.79.

MFA Financial Stock Down 1.6%

Shares of MFA opened at $6.59 on Thursday. MFA Financial has a fifty-two week low of $6.52 and a fifty-two week high of $10.43. The firm’s 50 day moving average price is $8.30 and its 200 day moving average price is $9.12. The company has a market cap of $666.68 million, a P/E ratio of 6.59 and a beta of 1.45.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 21.8%. The ex-dividend date of this dividend is Monday, October 5th. MFA Financial’s payout ratio is 144.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MFA. QRG Capital Management Inc. raised its holdings in shares of MFA Financial by 76.4% in the 2nd quarter. QRG Capital Management Inc. now owns 79,716 shares of the real estate investment trust’s stock worth $772,000 after purchasing an additional 34,531 shares in the last quarter. State Street Corp increased its holdings in shares of MFA Financial by 6.0% in the 2nd quarter. State Street Corp now owns 2,576,990 shares of the real estate investment trust’s stock valued at $25,869,000 after purchasing an additional 145,992 shares during the period. WINTON GROUP Ltd purchased a new stake in MFA Financial in the 2nd quarter worth approximately $226,000. Integrated Wealth Concepts LLC purchased a new stake in shares of MFA Financial during the second quarter worth $26,000. Finally, Corient Private Wealth LP raised its stake in shares of MFA Financial by 60.1% during the 2nd quarter. Corient Private Wealth LP now owns 172,669 shares of the real estate investment trust’s stock worth $1,679,000 after purchasing an additional 64,845 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

MFA Financial Company Profile

MFA Financial, Inc is a real estate investment trust that invests primarily in residential mortgage assets. The company focuses on generating income from a portfolio of residential mortgage loans, mortgage-backed securities and other mortgage-related investments.

Its investments may include agency and non-agency mortgage-backed securities, residential whole loans, credit-risk transfer securities and mortgage servicing rights. MFA also acquires and manages residential mortgage assets through subsidiaries and strategic investment relationships, with activities centered on the U.S.