Keefe, Bruyette & Woods Cuts MFA Financial (NYSE:MFA) Price Target to $10.00

MFA Financial (NYSE:MFA) had its target price lowered by investment analysts at Keefe, Bruyette & Woods from $11.00 to $10.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 3.79% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Citizens Jmp increased their target price on MFA Financial from $11.00 to $11.50 and gave the company a “market outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MFA Financial in a research note on Wednesday, April 15th. Citigroup reiterated an “outperform” rating on shares of MFA Financial in a report on Monday. Finally, Royal Bank Of Canada boosted their target price on shares of MFA Financial from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.69.

MFA Financial Stock Up 0.9%

Shares of NYSE MFA traded up $0.09 during midday trading on Wednesday, reaching $9.64. 642,656 shares of the company were exchanged, compared to its average volume of 1,438,960. The stock’s 50-day moving average price is $9.97 and its 200-day moving average price is $9.69. The stock has a market cap of $978.92 million, a P/E ratio of 7.45 and a beta of 1.47. MFA Financial has a one year low of $8.78 and a one year high of $10.56.

MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). MFA Financial had a net margin of 23.73% and a return on equity of 6.67%. The firm had revenue of $43.31 million during the quarter, compared to the consensus estimate of $67.52 million. During the same quarter in the previous year, the company posted $0.29 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MFA. Quarry LP acquired a new position in shares of MFA Financial in the 3rd quarter worth approximately $27,000. Headlands Technologies LLC increased its position in shares of 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 worth $28,000 after buying an additional 1,149 shares during the period. GAMMA Investing LLC raised its stake in MFA Financial by 86.1% during the fourth quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 2,096 shares during the last quarter. US Bancorp DE lifted its holdings in MFA Financial by 540.5% in the third quarter. US Bancorp DE now owns 5,925 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,000 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in 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 valued at $69,000 after buying an additional 1,417 shares during the period. Institutional investors 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.