According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
A number of other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods raised shares of MFA FINL INC/SH from a market perform rating to an outperform rating and set a $8.00 target price for the company in a research note on Thursday, May 16th. JMP Securities lowered shares of MFA FINL INC/SH from an outperform rating to a market perform rating in a research note on Tuesday, May 7th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $7.88.
Shares of NYSE:MFA opened at $7.24 on Thursday. The firm’s fifty day moving average is $7.19. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 10.97 and a beta of 0.54. MFA FINL INC/SH has a 12-month low of $6.40 and a 12-month high of $8.15.
MFA FINL INC/SH (NYSE:MFA) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $61.93 million for the quarter, compared to analyst estimates of $60.20 million. MFA FINL INC/SH had a net margin of 62.34% and a return on equity of 8.83%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Research analysts expect that MFA FINL INC/SH will post 0.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.05%. MFA FINL INC/SH’s dividend payout ratio is currently 117.65%.
Several institutional investors have recently added to or reduced their stakes in MFA. Intellectus Partners LLC bought a new position in shares of MFA FINL INC/SH during the 4th quarter valued at $27,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of MFA FINL INC/SH during the 4th quarter valued at $38,000. Penserra Capital Management LLC bought a new position in shares of MFA FINL INC/SH during the 1st quarter valued at $63,000. Osborn Williams & Donohoe LLC bought a new position in shares of MFA FINL INC/SH during the 1st quarter valued at $66,000. Finally, Synovus Financial Corp raised its holdings in shares of MFA FINL INC/SH by 30.3% during the 1st quarter. Synovus Financial Corp now owns 11,108 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,581 shares in the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.
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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