MFA FINL INC/SH (NYSE:MFA) declared a quarterly dividend on Thursday, March 7th, Wall Street Journal reports. Investors of record on Friday, March 29th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.08%. The ex-dividend date of this dividend is Thursday, March 28th.

MFA FINL INC/SH has a payout ratio of 108.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect MFA FINL INC/SH to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 98.8%.

MFA FINL INC/SH stock opened at $7.22 on Friday. MFA FINL INC/SH has a 12-month low of $6.40 and a 12-month high of $8.15. The firm has a market cap of $3.25 billion, a P/E ratio of 10.62 and a beta of 0.50.

MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). MFA FINL INC/SH had a net margin of 66.23% and a return on equity of 9.00%. The company had revenue of $61.80 million for the quarter, compared to analyst estimates of $64.10 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Research analysts expect that MFA FINL INC/SH will post 0.75 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MFA. Zacks Investment Research upgraded shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Friday, March 8th. JMP Securities upgraded shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Monday, December 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $7.92.

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MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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Dividend History for MFA FINL INC/SH (NYSE:MFA)

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