MFA Financial, Inc. (NYSE:MFA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of MFA Financial, Inc. (NYSE:MFA) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.4375.

Several research analysts have recently issued reports on MFA shares. Citizens Jmp raised their price target on MFA Financial from $11.00 to $11.50 and gave the stock a “market outperform” rating in a research report on Monday, May 4th. Royal Bank Of Canada reduced their price target on MFA Financial from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of MFA Financial in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods reduced their price target on MFA Financial from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup restated an “outperform” rating on shares of MFA Financial in a research report on Monday, May 4th.

MFA Financial Stock Performance

NYSE MFA opened at $9.23 on Thursday. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $9.75. The stock has a market capitalization of $937.22 million, a P/E ratio of 10.60 and a beta of 1.43. MFA Financial has a 52 week low of $8.78 and a 52 week high of $10.56.

MFA Financial (NYSE:MFA) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. The firm had revenue of $43.31 million during the quarter, compared to analyst estimates of $67.52 million. During the same period last year, the business posted $0.29 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MFA. AQR Capital Management LLC bought a new position in shares of MFA Financial in the 1st quarter worth $259,000. Goldman Sachs Group Inc. lifted its holdings in MFA Financial by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 691,408 shares of the real estate investment trust’s stock worth $7,094,000 after acquiring an additional 96,365 shares in the last quarter. Rhumbline Advisers lifted its holdings in MFA Financial by 7.6% during the second quarter. Rhumbline Advisers now owns 167,481 shares of the real estate investment trust’s stock worth $1,584,000 after acquiring an additional 11,800 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in MFA Financial by 5.3% during the second quarter. Russell Investments Group Ltd. now owns 62,090 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 3,146 shares in the last quarter. Finally, Norges Bank bought a new position in MFA Financial during the second quarter worth about $716,000. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Company Profile

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.