Citizens Jmp Boosts MFA Financial (NYSE:MFA) Price Target to $11.50

MFA Financial (NYSE:MFA) had its target price lifted by investment analysts at Citizens Jmp from $11.00 to $11.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s target price indicates a potential upside of 11.27% from the company’s previous close.

MFA has been the topic of several other reports. Royal Bank Of Canada lifted their price target on MFA Financial from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Keefe, Bruyette & Woods lifted their price target on MFA Financial from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of MFA Financial in a research report on Wednesday, April 15th. Finally, Citigroup reiterated an “outperform” rating on shares of MFA Financial in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.94.

MFA Financial Stock Performance

Shares of MFA Financial stock traded down $0.06 on Monday, reaching $10.34. 187,725 shares of the company were exchanged, compared to its average volume of 1,411,212. The company’s 50-day moving average is $9.98 and its two-hundred day moving average is $9.68. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.01 and a beta of 1.47. MFA Financial has a 1-year low of $8.78 and a 1-year high of $10.56.

MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $88.72 million during the quarter, compared to the consensus estimate of $60.56 million. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.During the same period in the previous year, the firm posted $0.39 earnings per share.

Institutional Trading of MFA Financial

A number of institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,149 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of MFA Financial by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 18,829 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 1,211 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of MFA Financial by 23.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,340 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,417 shares during the period. MAI Capital Management increased its stake in shares of MFA Financial by 13.3% in the third quarter. MAI Capital Management now owns 12,126 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,420 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of MFA Financial by 1.4% in the second quarter. Corient Private Wealth LLC now owns 102,007 shares of the real estate investment trust’s stock worth $965,000 after purchasing an additional 1,420 shares during the period. Institutional investors and hedge funds own 65.28% of the company’s stock.

About MFA Financial

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.