B. Riley Reiterates “$8.00” Price Target for MFA Financial (MFA)

B. Riley Reiterates “$8.00” Price Target for MFA Financial (MFA)

B. Riley set a $8.00 price target on MFA Financial (NYSE:MFA) in a research note issued to investors on Friday. The brokerage currently has a hold rating on the real estate investment trust’s stock. B. Riley also issued estimates for MFA Financial’s Q1 2018 earnings at $0.18 EPS and Q1 2019 earnings at $0.18 EPS.

A number of other research firms also recently commented on MFA. BidaskClub downgraded MFA Financial from a hold rating to a sell rating in a research note on Saturday, October 28th. Zacks Investment Research downgraded MFA Financial from a hold rating to a strong sell rating in a research note on Saturday, January 13th. JMP Securities downgraded MFA Financial from an outperform rating to a market perform rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $9.00 price target on shares of MFA Financial in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four 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 price target of $8.81.

Shares of MFA Financial (NYSE:MFA) opened at $7.42 on Friday. The stock has a market cap of $2,956.30, a PE ratio of 9.39 and a beta of 0.46. MFA Financial has a 52-week low of $6.72 and a 52-week high of $8.90.

MFA Financial (NYSE:MFA) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $52.41 million during the quarter, compared to analysts’ expectations of $76.10 million. MFA Financial had a net margin of 61.24% and a return on equity of 10.04%. During the same quarter in the previous year, the business posted $0.18 earnings per share. equities analysts anticipate that MFA Financial will post 0.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, December 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date of this dividend was Wednesday, December 27th. MFA Financial’s dividend payout ratio (DPR) is presently 101.27%.

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in MFA Financial by 26.2% during the fourth quarter. Millennium Management LLC now owns 11,284,869 shares of the real estate investment trust’s stock worth $89,376,000 after acquiring an additional 2,344,148 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in MFA Financial by 2.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 7,717,579 shares of the real estate investment trust’s stock worth $61,123,000 after acquiring an additional 147,676 shares in the last quarter. Janus Henderson Group PLC raised its stake in MFA Financial by 2.7% during the third quarter. Janus Henderson Group PLC now owns 5,851,326 shares of the real estate investment trust’s stock worth $51,258,000 after acquiring an additional 153,963 shares in the last quarter. State Street Corp raised its stake in MFA Financial by 0.5% during the second quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock worth $48,305,000 after acquiring an additional 26,708 shares in the last quarter. Finally, Boston Partners raised its stake in MFA Financial by 8.2% during the fourth quarter. Boston Partners now owns 5,678,366 shares of the real estate investment trust’s stock worth $44,973,000 after acquiring an additional 432,181 shares in the last quarter. 79.42% of the stock is owned by institutional investors and hedge funds.

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About MFA Financial

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.

Analyst Recommendations for MFA Financial (NYSE:MFA)

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B. Riley set a $8.00 price objective on MFA Financial (NYSE:MFA) in a research report report published on Friday. The brokerage currently has a hold rating on the real estate investment trust’s stock. B. Riley also issued estimates for MFA Financial’s Q1 2018 earnings at $0.18 EPS and Q1 2019 earnings at $0.18 EPS.

A number of other research firms have also recently commented on MFA. Zacks Investment Research cut shares of MFA Financial from a buy rating to a hold rating in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a buy rating and set a $9.00 price objective on shares of MFA Financial in a research report on Tuesday, November 7th. JMP Securities cut shares of MFA Financial from an outperform rating to a market perform rating in a research report on Friday, October 20th. Finally, BidaskClub cut shares of MFA Financial from a hold rating to a sell rating in a research report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $8.81.

MFA Financial (NYSE:MFA) opened at $7.42 on Friday. MFA Financial has a 52 week low of $6.72 and a 52 week high of $8.90. The firm has a market cap of $2,956.30, a price-to-earnings ratio of 9.39 and a beta of 0.46.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. MFA Financial had a net margin of 61.24% and a return on equity of 10.04%. The firm had revenue of $52.41 million during the quarter, compared to analysts’ expectations of $76.10 million. During the same period in the previous year, the business posted $0.18 earnings per share. equities analysts anticipate that MFA Financial will post 0.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, December 28th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 27th. This represents a $0.80 dividend on an annualized basis and a yield of 10.78%. MFA Financial’s dividend payout ratio (DPR) is 101.27%.

A number of hedge funds have recently added to or reduced their stakes in MFA. GSA Capital Partners LLP bought a new position in MFA Financial during the second quarter worth $136,000. State Street Corp boosted its position in shares of MFA Financial by 0.5% in the second quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock valued at $48,305,000 after acquiring an additional 26,708 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of MFA Financial by 55.0% in the second quarter. Cubist Systematic Strategies LLC now owns 41,546 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 14,746 shares during the period. Sterling Capital Management LLC boosted its position in shares of MFA Financial by 8.9% in the second quarter. Sterling Capital Management LLC now owns 103,696 shares of the real estate investment trust’s stock valued at $870,000 after acquiring an additional 8,437 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of MFA Financial by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 190,112 shares of the real estate investment trust’s stock valued at $1,595,000 after acquiring an additional 9,580 shares during the period. 79.42% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MFA Financial (NYSE:MFA)

Receive News & Ratings for MFA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial and related companies with MarketBeat.com's FREE daily email newsletter.

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