Published On: Fri, Sep 16th, 2016

MFA Financial Inc. (MFA) Rating Lowered to Hold at Zacks Investment Research

MFA Financial Inc. (NYSE:MFA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
Several other research firms have also recently commented on MFA. FBR & Co cut MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 target price for the company. in a research note on Tuesday, September 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $7.50 price objective on shares of MFA Financial in a research report on Sunday, September 11th. Compass Point cut MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price objective for the company. in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG set a $7.50 price objective on MFA Financial and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.60.

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Shares of MFA Financial (NYSE:MFA) traded down 1.32% on Friday, hitting $7.46. The stock had a trading volume of 1,426,486 shares. The firm has a market cap of $2.77 billion, a PE ratio of 9.47 and a beta of 0.53. MFA Financial has a 52-week low of $5.61 and a 52-week high of $7.86. The firm’s 50-day moving average price is $7.69 and its 200 day moving average price is $7.21.
MFA Financial (NYSE:MFA ) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $66.80 million for the quarter, compared to the consensus estimate of $74.09 million. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities research analysts predict that MFA Financial will post $0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, September 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.58%. MFA Financial’s dividend payout ratio (DPR) is presently 101.27%.
Several hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its stake in shares of MFA Financial by 0.4% in the second quarter. Hsbc Holdings PLC now owns 15,055 shares of the company’s stock worth $109,000 after buying an additional 58 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of MFA Financial by 38.0% in the second quarter. Panagora Asset Management Inc. now owns 18,901 shares of the company’s stock worth $137,000 after buying an additional 5,201 shares during the period. Profund Advisors LLC boosted its stake in shares of MFA Financial by 13.7% in the second quarter. Profund Advisors LLC now owns 22,125 shares of the company’s stock worth $161,000 after buying an additional 2,672 shares during the period. Paloma Partners Management Co boosted its stake in shares of MFA Financial by 64.8% in the second quarter. Paloma Partners Management Co now owns 23,071 shares of the company’s stock worth $168,000 after buying an additional 9,071 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of MFA Financial during the second quarter worth about $166,000. 85.51% of the stock is owned by hedge funds and other institutional investors.
MFA Financial Company Profile
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.

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