MFA FINL INC/SH (NYSE:MFA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

MFA FINL INC/SH (NYSE:MFA) posted its earnings results on Wednesday. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02, Briefing.com reports. MFA FINL INC/SH had a return on equity of 9.39% and a net margin of 61.54%. The business had revenue of $56.90 million during the quarter, compared to the consensus estimate of $66.90 million. During the same period in the previous year, the business earned $0.19 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis.

MFA stock traded up $0.03 during trading on Friday, hitting $7.72. The company had a trading volume of 2,012,012 shares, compared to its average volume of 2,264,406. The firm has a market cap of $3.40 billion, a PE ratio of 11.35 and a beta of 0.51. MFA FINL INC/SH has a 1-year low of $6.40 and a 1-year high of $7.74. The firm has a 50-day moving average price of $7.51 and a 200-day moving average price of $7.32.

The company also recently announced a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a dividend yield of 10.8%. The ex-dividend date of this dividend was Friday, September 27th. MFA FINL INC/SH’s payout ratio is currently 117.65%.

Several analysts have recently weighed in on the company. Wedbush assumed coverage on MFA FINL INC/SH in a report on Wednesday, October 9th. They issued an “outperform” rating and a $8.25 target price for the company. ValuEngine raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada assumed coverage on MFA FINL INC/SH in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $8.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MFA FINL INC/SH currently has an average rating of “Buy” and an average target price of $8.05.

About MFA FINL INC/SH

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.

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Earnings History for MFA FINL INC/SH (NYSE:MFA)

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