MFA Financial (NYSE:MFA) Stock Price Crosses Above 50 Day Moving Average of $11.16

MFA Financial, Inc. (NYSE:MFAGet Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.16 and traded as high as $11.41. MFA Financial shares last traded at $11.41, with a volume of 807,709 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group assumed coverage on MFA Financial in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $12.00 price target for the company. Keefe, Bruyette & Woods raised MFA Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.25 to $12.00 in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Read Our Latest Stock Report on MFA

MFA Financial Price Performance

The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 28.53 and a beta of 2.11. The company has a fifty day moving average price of $11.16 and a two-hundred day moving average price of $10.64.

MFA Financial (NYSE:MFAGet Free Report) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. MFA Financial had a return on equity of 9.44% and a net margin of 13.24%. The business had revenue of $169.88 million during the quarter, compared to the consensus estimate of $43.75 million. During the same period in the prior year, the business posted $0.46 earnings per share. On average, research analysts expect that MFA Financial, Inc. will post 1.47 earnings per share for the current fiscal year.

MFA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.27%. The ex-dividend date is Wednesday, March 27th. MFA Financial’s dividend payout ratio is 350.00%.

Institutional Investors Weigh In On MFA Financial

Hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in shares of MFA Financial during the fourth quarter valued at $25,000. Captrust Financial Advisors acquired a new position in MFA Financial during the second quarter valued at $28,000. Federated Hermes Inc. raised its position in MFA Financial by 240.7% during the third quarter. Federated Hermes Inc. now owns 4,027 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 2,845 shares during the period. PNC Financial Services Group Inc. raised its position in MFA Financial by 520.2% during the second quarter. PNC Financial Services Group Inc. now owns 3,064 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,570 shares during the period. Finally, Quarry LP raised its position in MFA Financial by 1,734.3% during the first quarter. Quarry LP now owns 4,219 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 3,989 shares during the period. 65.28% of the stock is owned by hedge funds and other institutional investors.

MFA Financial Company Profile

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MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, 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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