MFA FINL INC/SH (NYSE:MFA) announced a — dividend on Friday, September 13th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, October 31st. This represents a dividend yield of 10.8%. The ex-dividend date is Friday, September 27th.
MFA FINL INC/SH has a payout ratio of 108.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect MFA FINL INC/SH to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 98.8%.
Shares of NYSE MFA traded up $0.01 during mid-day trading on Friday, reaching $7.40. 3,113,489 shares of the company’s stock were exchanged, compared to its average volume of 2,224,310. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.88 and a beta of 0.53. MFA FINL INC/SH has a 52 week low of $6.40 and a 52 week high of $7.75. The firm has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $7.27.
MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $59.89 million for the quarter, compared to analysts’ expectations of $67.90 million. MFA FINL INC/SH had a return on equity of 9.39% and a net margin of 61.54%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. On average, analysts expect that MFA FINL INC/SH will post 0.76 earnings per share for the current fiscal year.
MFA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods upgraded MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.83.
MFA FINL INC/SH Company Profile
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.
Recommended Story: What are economic reports?
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.