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. “
Several other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods raised MFA FINL INC/SH from a market perform rating to an outperform rating and set a $8.00 price objective for the company in a research note on Thursday, May 16th. JMP Securities lowered MFA FINL INC/SH from an outperform rating to a market perform rating in a research note on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $7.83.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $59.89 million during the quarter, compared to analyst estimates of $67.90 million. MFA FINL INC/SH had a return on equity of 9.36% and a net margin of 61.54%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Equities research analysts forecast that MFA FINL INC/SH will post 0.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.84%. The ex-dividend date of this dividend was Friday, June 28th. MFA FINL INC/SH’s dividend payout ratio is presently 117.65%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MFA. Norges Bank bought a new stake in shares of MFA FINL INC/SH during the 4th quarter worth $35,595,000. FMR LLC boosted its position in shares of MFA FINL INC/SH by 8.1% in the first quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock worth $326,235,000 after buying an additional 3,361,407 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of MFA FINL INC/SH by 70.5% in the first quarter. Parametric Portfolio Associates LLC now owns 3,907,258 shares of the real estate investment trust’s stock worth $28,406,000 after buying an additional 1,615,076 shares during the period. LSV Asset Management boosted its position in shares of MFA FINL INC/SH by 19.9% in the second quarter. LSV Asset Management now owns 7,499,843 shares of the real estate investment trust’s stock worth $53,848,000 after buying an additional 1,242,900 shares during the period. Finally, Dean Investment Associates LLC acquired a new stake in shares of MFA FINL INC/SH in the first quarter worth $7,564,000. 80.13% of the stock is 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.
Featured Article: What is a stock split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MFA FINL INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA FINL INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.