Shares of MFA Financial, Inc. (NYSE:MFA – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.13.
A number of analysts have issued reports on the company. Wedbush initiated coverage on MFA Financial in a research report on Tuesday, September 5th. They issued an “outperform” rating on the stock. Raymond James decreased their target price on MFA Financial from $13.00 to $12.50 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 target price on shares of MFA Financial in a report on Monday, August 28th. StockNews.com assumed coverage on shares of MFA Financial in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, JMP Securities dropped their price objective on shares of MFA Financial from $14.00 to $12.50 and set a “market outperform” rating for the company in a report on Thursday, October 19th.
MFA Financial Stock Performance
MFA Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 2nd were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 29th. This represents a $1.40 annualized dividend and a yield of 13.27%. MFA Financial’s dividend payout ratio (DPR) is -368.42%.
Institutional Trading of MFA Financial
Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in MFA Financial in the first quarter valued at $26,000. Captrust Financial Advisors acquired a new position in shares of MFA Financial during the 2nd quarter worth about $28,000. Federated Hermes Inc. increased its holdings in shares of MFA Financial by 240.7% in the 3rd quarter. Federated Hermes Inc. now owns 4,027 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 2,845 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of MFA Financial by 520.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,064 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in MFA Financial by 165.0% during the second quarter. Private Trust Co. NA now owns 3,713 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 2,312 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.
About MFA Financial
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.
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