MFA FINL INC/SH (NYSE:MFA) Stock Rating Lowered by ValuEngine

MFA FINL INC/SH (NYSE:MFA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Several other brokerages also recently commented on MFA. Royal Bank of Canada began coverage on MFA FINL INC/SH in a report on Wednesday, October 2nd. They set an “outperform” rating and a $8.00 target price for the company. Wedbush began coverage on MFA FINL INC/SH in a report on Wednesday, October 9th. They set an “outperform” rating and a $8.25 target price for the company. Finally, Zacks Investment Research downgraded MFA FINL INC/SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.05.

Shares of NYSE MFA opened at $7.52 on Tuesday. MFA FINL INC/SH has a 12 month low of $6.40 and a 12 month high of $7.66. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 10.91 and a beta of 0.52. The business has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $7.30.

MFA FINL INC/SH (NYSE:MFA) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. MFA FINL INC/SH had a return on equity of 9.39% and a net margin of 61.54%. The business had revenue of $59.89 million during the quarter, compared to the consensus estimate of $67.90 million. During the same period in the prior year, the business posted $0.17 earnings per share. MFA FINL INC/SH’s revenue was up 19.9% compared to the same quarter last year. Research analysts anticipate that MFA FINL INC/SH will post 0.76 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in MFA. FMR LLC lifted its stake in MFA FINL INC/SH by 8.1% in the 1st quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock worth $326,235,000 after acquiring an additional 3,361,407 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in MFA FINL INC/SH by 1,281.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,507,162 shares of the real estate investment trust’s stock worth $18,002,000 after acquiring an additional 2,325,725 shares in the last quarter. LSV Asset Management lifted its stake in MFA FINL INC/SH by 19.9% in the 2nd quarter. LSV Asset Management now owns 7,499,843 shares of the real estate investment trust’s stock worth $53,848,000 after acquiring an additional 1,242,900 shares in the last quarter. Wells Fargo & Company MN lifted its stake in MFA FINL INC/SH by 13.9% in the 2nd quarter. Wells Fargo & Company MN now owns 8,219,606 shares of the real estate investment trust’s stock worth $59,016,000 after acquiring an additional 1,005,961 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its stake in MFA FINL INC/SH by 47.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,071,514 shares of the real estate investment trust’s stock worth $22,053,000 after acquiring an additional 994,537 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: What is a Special Dividend?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.