MFA Financial, Inc. (NYSE: MFA – Get a rating) received a consensus recommendation of “Hold” by the eight analysts who currently cover the company, Marketbeat.com reports. One equity research analyst rated the stock with a sell recommendation, three issued a hold recommendation and two issued a buy recommendation on the company. The average 1-year price target among brokerages that have reported on the stock in the past year is $14.25.
Several brokerages have recently weighed in on MFA. Royal Bank of Canada cut its price target on MFA Financial shares from $15.00 to $13.00 and set an “sector performance” rating on the stock in a Monday, August 15 report. Keefe, Bruyette & Woods downgraded MFA Financial shares from an “outperform” rating to a “market performer” rating and set a price target of $12.75 for the stock. in a report on Monday July 18. Raymond James cut his price target on MFA Financial shares from $17.00 to $15.50 and set an “outperform” rating on the stock in a Monday, August 15 report. StockNews.com downgraded shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 8. Finally, JMP Securities lowered its price target on MFA Financial shares from $18.00 to $15.00 and set a “market outperformance” rating for the company in a Tuesday, June 14 research note.
MFA financial stock down 4.7%
NYSE MFA opened at $7.78 on Friday. MFA Financial has a 12-month low of $7.74 and a 12-month high of $19.06. The company’s 50-day simple moving average is $11.22 and its 200-day simple moving average is $12.74. The stock has a market capitalization of $791.95 million, a P/E ratio of -14.96 and a beta of 1.70.
MFA Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31. Investors of record on Friday, September 30 will receive a dividend of $0.44 per share. This represents an annualized dividend of $1.76 and a yield of 22.62%. The ex-date of this dividend is Thursday, September 29. MFA Financial’s payout ratio is -338.46%.
Insider buying and selling
In other MFA Financial news, Director Robin Josephs purchased 2,350 shares of MFA Financial in a trade that took place on Wednesday September 14th. The stock was acquired at an average price of $10.67 per share, for a total transaction of $25,074.50. Following the completion of the acquisition, the director now owns 28,828 shares of the company, valued at approximately $307,594.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other MFA Financial news, Director Robin Josephs purchased 2,350 shares of MFA Financial in a trade that took place on Wednesday September 14th. The stock was acquired at an average price of $10.67 per share, for a total transaction of $25,074.50. Following the completion of the acquisition, the director now owns 28,828 shares of the company, valued at approximately $307,594.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, SVP Bryan Wulfsohn purchased 3,000 shares of the company in a trade on Thursday, September 15. The shares were purchased at an average price of $10.75 per share, with a total value of $32,250.00. Following the purchase, the senior vice president now owns 63,350 shares of the company, valued at $681,012.50. Disclosure of this purchase can be found here. Over the past 90 days, insiders have purchased 10,096 shares of the company worth $108,606. 0.63% of the shares are held by insiders.
MFA Financial Institutional Trading
Major investors have recently increased or reduced their stake in the company. Captrust Financial Advisors acquired a new stake in MFA Financial in the second quarter worth $28,000. Ieq Capital LLC acquired a new stake in MFA Financial in the first quarter worth $42,000. XML Financial LLC acquired a new equity stake in MFA Financial during Q1 worth approximately $43,000. Allworth Financial LP acquired a new equity stake in MFA Financial during Q2 worth approximately $47,000. Finally, Guggenheim Capital LLC acquired a new equity stake in MFA Financial during Q1 worth approximately $48,000. Institutional investors and hedge funds own 62.15% of the company’s shares.
About MFA Financial
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; entire residential loans, including purchased performing loans, deteriorated purchased loans and non-performing loans; and mortgage servicing rights assets.
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