MFA Financial (NYSE:MFA) Reaches New 1-Year Low – What’s Next?

by · The Cerbat Gem

MFA Financial, Inc. (NYSE:MFA – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $9.36 and last traded at $9.55, with a volume of 1646784 shares. The stock had previously closed at $9.55.

Analysts Set New Price Targets

Several research firms have recently weighed in on MFA. Janney Montgomery Scott assumed coverage on shares of MFA Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $14.00 price objective for the company. StockNews.com downgraded MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James increased their target price on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $15.00 price target on shares of MFA Financial in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, MFA Financial has a consensus rating of “Moderate Buy” and an average target price of $14.00.

View Our Latest Research Report on MFA

MFA Financial Stock Performance

The company has a market capitalization of $974.89 million, a price-to-earnings ratio of 6.01 and a beta of 2.11. The company has a 50 day moving average price of $10.77 and a 200 day moving average price of $11.51.

MFA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 14.66%. MFA Financial’s dividend payout ratio is currently 88.05%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MFA. Brown Brothers Harriman & Co. bought a new stake in shares of MFA Financial during the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC bought a new stake in shares of MFA Financial during the 3rd quarter valued at $38,000. Castleview Partners LLC acquired a new position in shares of MFA Financial in the 3rd quarter valued at $79,000. Zacks Investment Management boosted its position in shares of MFA Financial by 12.7% in the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of MFA Financial during the third quarter worth $189,000. Institutional investors own 65.28% of the company’s stock.

MFA Financial Company Profile

(Get Free Report)

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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