MFA Financial, Inc. (NYSE:MFA) Receives $12.00 Consensus Price Target from Analysts

Shares of MFA Financial, Inc. (NYSE:MFA) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.00.

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.50 target price on shares of MFA Financial in a research note on Thursday, April 18th.

MFA Financial Stock Up 0.7 %

MFA stock opened at $10.51 on Thursday. The business’s fifty day simple moving average is $11.03 and its two-hundred day simple moving average is $10.74. MFA Financial has a twelve month low of $8.41 and a twelve month high of $11.90. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 26.26 and a beta of 2.11.

MFA Financial (NYSE:MFA) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $43.75 million. During the same quarter last year, the firm posted $0.46 earnings per share. Research analysts expect that MFA Financial will post 1.47 EPS for the current year.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Wednesday, March 27th. MFA Financial’s payout ratio is currently 350.00%.

Institutional Investors Weigh In On MFA Financial

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in MFA Financial by 1.7% during the third quarter. Vanguard Group Inc. now owns 9,946,143 shares of the real estate investment trust’s stock valued at $95,582,000 after purchasing an additional 163,555 shares in the last quarter. UBS Group AG raised its position in MFA Financial by 49.9% during the third quarter. UBS Group AG now owns 290,656 shares of the real estate investment trust’s stock valued at $2,793,000 after acquiring an additional 96,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MFA Financial by 8.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,678,677 shares of the real estate investment trust’s stock valued at $16,132,000 after buying an additional 132,826 shares in the last quarter. Invesco Ltd. increased its position in shares of MFA Financial by 18.1% in the third quarter. Invesco Ltd. now owns 1,329,731 shares of the real estate investment trust’s stock valued at $12,779,000 after buying an additional 203,681 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of MFA Financial by 34.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 68,774 shares of the real estate investment trust’s stock valued at $775,000 after buying an additional 17,674 shares in the last quarter. Institutional investors own 65.28% 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. 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.