MFA FINL INC/SH (NYSE:MFA) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.92.
MFA has been the topic of several recent research reports. Zacks Investment Research raised shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Friday, January 4th. JMP Securities raised shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Monday, December 17th.
Institutional investors have recently made changes to their positions in the business. Intellectus Partners LLC bought a new position in MFA FINL INC/SH during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC purchased a new position in MFA FINL INC/SH in the 4th quarter worth approximately $30,000. Doyle Wealth Management purchased a new position in MFA FINL INC/SH in the 4th quarter worth approximately $32,000. Amundi Pioneer Asset Management Inc. purchased a new position in MFA FINL INC/SH in the 4th quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. purchased a new position in MFA FINL INC/SH in the 4th quarter worth approximately $53,000. 80.27% of the stock is owned by institutional investors and hedge funds.
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). The company had revenue of $61.80 million for the quarter, compared to analyst estimates of $64.10 million. MFA FINL INC/SH had a net margin of 66.23% and a return on equity of 9.00%. During the same quarter in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts expect that MFA FINL INC/SH will post 0.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date of this dividend is Thursday, March 28th. MFA FINL INC/SH’s payout ratio is 117.65%.
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.
See Also: Asset Allocation
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