MFA Financial (NYSE:MFA) Price Target Raised to $13.50 at JMP Securities

MFA Financial (NYSE:MFA) had its price objective increased by equities researchers at JMP Securities from $12.50 to $13.50 in a report issued on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price suggests a potential upside of 10.11% from the stock’s previous close.

Several other research firms have also recently weighed in on MFA. Wedbush increased their price target on shares of MFA Financial from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com upgraded MFA Financial from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price target on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

MFA Financial Trading Down 0.6 %

Shares of NYSE:MFA traded down $0.07 on Friday, hitting $12.26. The company had a trading volume of 112,354 shares, compared to its average volume of 713,009. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -153.36 and a beta of 2.16. The stock has a 50 day moving average price of $11.40 and a 200 day moving average price of $11.08. MFA Financial has a 1-year low of $8.41 and a 1-year high of $12.53.

Institutional Investors Weigh In On MFA Financial

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in MFA Financial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 9,988,562 shares of the real estate investment trust’s stock worth $112,571,000 after acquiring an additional 42,419 shares during the period. Wellington Management Group LLP grew its holdings in shares of MFA Financial by 160.7% during the 4th quarter. Wellington Management Group LLP now owns 8,779,082 shares of the real estate investment trust’s stock worth $98,940,000 after purchasing an additional 5,411,692 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in MFA Financial by 6.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,385,867 shares of the real estate investment trust’s stock valued at $36,026,000 after purchasing an additional 205,300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MFA Financial by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,729,687 shares of the real estate investment trust’s stock valued at $19,494,000 after purchasing an additional 51,010 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in MFA Financial by 17.7% during the second quarter. Van ECK Associates Corp now owns 822,696 shares of the real estate investment trust’s stock worth $8,753,000 after purchasing an additional 123,790 shares during the period. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, 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.