MFA Financial (NYSE:MFA) Sets New 1-Year Low – Should You Sell?

by · The Markets Daily

MFA Financial, Inc. (NYSE:MFAGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $8.80 and last traded at $8.7950, with a volume of 160006 shares changing hands. The stock had previously closed at $8.84.

Analyst Ratings Changes

A number of analysts recently issued reports on MFA shares. Citigroup reaffirmed a “market outperform” rating on shares of MFA Financial in a research report on Tuesday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $10.00 price target on shares of MFA Financial in a research report on Thursday, August 20th. Keefe, Bruyette & Woods decreased their price target on MFA Financial from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings raised MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Finally, BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.46.

Read Our Latest Analysis on MFA Financial

MFA Financial Stock Down 0.3%

The stock has a market cap of $891.11 million, a price-to-earnings ratio of 8.81 and a beta of 1.42. The business’s 50 day simple moving average is $9.29 and its 200 day simple moving average is $9.61.

MFA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend was Tuesday, June 30th. MFA Financial’s dividend payout ratio is presently 144.00%.

Hedge Funds Weigh In On MFA Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in MFA Financial during the third quarter worth about $27,000. Headlands Technologies LLC raised its stake in MFA Financial by 62.3% in the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,149 shares during the period. Optiver Holding B.V. bought a new stake in MFA Financial in the first quarter valued at approximately $29,000. Public Employees Retirement System of Ohio acquired a new stake in shares of MFA Financial in the second quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of MFA Financial in the second quarter valued at approximately $39,000. Institutional investors own 65.28% of the company’s stock.

MFA Financial Company Profile

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MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.

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