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

MFA Financial, Inc. (NYSE:MFAGet Rating) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.25.

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on MFA Financial from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 5th. StockNews.com assumed coverage on MFA Financial in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Credit Suisse Group dropped their price target on MFA Financial to $12.50 in a research report on Thursday, October 13th. Raymond James dropped their price target on MFA Financial from $15.50 to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. Finally, JMP Securities decreased their price objective on MFA Financial from $15.00 to $13.50 and set a “market outperform” rating on the stock in a research note on Thursday, October 20th.

Insiders Place Their Bets

In other MFA Financial news, Director Robin Josephs bought 2,350 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $25,074.50. Following the purchase, the director now directly owns 28,828 shares of the company’s stock, valued at $307,594.76. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other MFA Financial news, Director Robin Josephs bought 2,350 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $25,074.50. Following the purchase, the director now directly owns 28,828 shares of the company’s stock, valued at $307,594.76. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Bryan Wulfsohn bought 3,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was acquired at an average price of $10.75 per share, for a total transaction of $32,250.00. Following the completion of the purchase, the senior vice president now directly owns 63,350 shares in the company, valued at $681,012.50. The disclosure for this purchase can be found here. Insiders have acquired 10,096 shares of company stock worth $108,606 in the last ninety days. 0.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MFA Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in shares of MFA Financial in the 2nd quarter worth about $28,000. Federated Hermes Inc. boosted its holdings in shares of MFA Financial by 240.7% in the 3rd quarter. Federated Hermes Inc. now owns 4,027 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,845 shares in the last quarter. XML Financial LLC purchased a new position in shares of MFA Financial in the 1st quarter worth about $43,000. Allworth Financial LP purchased a new position in shares of MFA Financial in the 2nd quarter worth about $47,000. Finally, Guggenheim Capital LLC purchased a new position in shares of MFA Financial in the 1st quarter worth about $48,000. 62.15% of the stock is currently owned by hedge funds and other institutional investors.

MFA Financial Price Performance

Shares of NYSE MFA opened at $10.98 on Friday. MFA Financial has a one year low of $7.15 and a one year high of $19.06. The business’s fifty day moving average price is $9.58 and its 200-day moving average price is $11.12. The stock has a market capitalization of $1.12 billion, a PE ratio of -4.95 and a beta of 1.82.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, September 29th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 16.03%. MFA Financial’s payout ratio is -79.28%.

About MFA Financial

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MFA Financial, Inc, together with 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, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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