MFA Financial, Inc. (NYSE:MFA) issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03), Bloomberg Earnings reports. The company had revenue of $55.86 million for the quarter, compared to the consensus estimate of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The firm’s revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS.
Shares of MFA Financial (NYSE MFA) traded down $0.10 during midday trading on Friday, reaching $7.78. The company’s stock had a trading volume of 2,618,300 shares, compared to its average volume of 2,166,498. The company has a market cap of $3,127.91, a P/E ratio of 10.80 and a beta of 0.68. MFA Financial has a fifty-two week low of $7.24 and a fifty-two week high of $8.90.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 10.28%. MFA Financial’s payout ratio is 109.59%.
In other news, insider Ronald A. Freydberg purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $7.78 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of MFA Financial in a research note on Friday, November 3rd. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.08.
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MFA Financial Company Profile
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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