MFA Finl Inc/SH (MFA) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of MFA Finl Inc/SH (NYSE:MFA) from a sell rating to a hold rating in a research note published on Wednesday.
According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
A number of other research analysts have also commented on MFA. JPMorgan Chase & Co. lowered shares of MFA Finl Inc/SH from an overweight rating to a neutral rating in a research note on Monday, July 23rd. Compass Point set a $8.00 price objective on shares of MFA Finl Inc/SH and gave the company a hold rating in a research note on Thursday, August 2nd. Finally, ValuEngine lowered shares of MFA Finl Inc/SH from a hold rating to a sell rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $8.44.
MFA Finl Inc/SH (NYSE:MFA) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $49.94 million during the quarter, compared to analyst estimates of $58.57 million. MFA Finl Inc/SH had a net margin of 77.32% and a return on equity of 9.82%. The company’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. equities research analysts anticipate that MFA Finl Inc/SH will post 0.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st will be paid a $0.20 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 10.67%. MFA Finl Inc/SH’s dividend payout ratio is presently 101.27%.
Several large investors have recently modified their holdings of MFA. Fiduciary Financial Services of The Southwest Inc. TX purchased a new stake in shares of MFA Finl Inc/SH in the second quarter valued at about $103,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of MFA Finl Inc/SH in the second quarter valued at about $104,000. Qube Research & Technologies Ltd purchased a new stake in shares of MFA Finl Inc/SH in the second quarter valued at about $114,000. Alps Advisors Inc. purchased a new stake in shares of MFA Finl Inc/SH in the second quarter valued at about $199,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of MFA Finl Inc/SH in the second quarter valued at about $207,000. 78.23% of the stock is currently owned by institutional investors and hedge funds.
About MFA Finl Inc/SH
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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