MFA FINL INC/SH (NYSE:MFA) Given Consensus Rating of “Hold” by Analysts

Shares of MFA FINL INC/SH (NYSE:MFA) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.00.

MFA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. JMP Securities downgraded shares of MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods raised shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research report on Thursday, May 16th.

Shares of NYSE:MFA traded up $0.01 during midday trading on Friday, reaching $7.25. The company’s stock had a trading volume of 1,900,268 shares, compared to its average volume of 2,207,958. The business has a 50 day moving average of $7.19. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.61 and a beta of 0.54. MFA FINL INC/SH has a 12-month low of $6.40 and a 12-month high of $8.15.

MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $61.93 million during the quarter, compared to analysts’ expectations of $60.20 million. MFA FINL INC/SH had a return on equity of 8.83% and a net margin of 62.34%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. Sell-side analysts predict that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.03%. The ex-dividend date of this dividend is Friday, June 28th. MFA FINL INC/SH’s dividend payout ratio (DPR) is 117.65%.

A number of hedge funds have recently made changes to their positions in MFA. Norges Bank purchased a new stake in MFA FINL INC/SH during the 4th quarter valued at about $35,595,000. FMR LLC grew its position in MFA FINL INC/SH by 8.1% during the 1st quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock valued at $326,235,000 after purchasing an additional 3,361,407 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in MFA FINL INC/SH by 70.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,907,258 shares of the real estate investment trust’s stock valued at $28,406,000 after acquiring an additional 1,615,076 shares during the period. BlackRock Inc. lifted its stake in MFA FINL INC/SH by 4.1% during the 4th quarter. BlackRock Inc. now owns 28,837,121 shares of the real estate investment trust’s stock valued at $192,630,000 after acquiring an additional 1,124,632 shares during the period. Finally, Dean Investment Associates LLC bought a new position in MFA FINL INC/SH during the 1st quarter valued at about $7,564,000. 80.55% of the stock is currently owned by institutional investors.

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.

Read More: Asset Allocation

Analyst Recommendations for MFA FINL INC/SH (NYSE:MFA)

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