B. Riley set a $8.00 target price on MFA Financial (NYSE:MFA) in a research note issued to investors on Friday, February 16th. The firm 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 brokerages have also recently weighed in on MFA. Zacks Investment Research cut shares of MFA Financial from a buy rating to a hold rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a buy rating and issued a $9.00 price objective on shares of MFA Financial in a research note on Tuesday, November 7th. JMP Securities lowered shares of MFA Financial from an outperform rating to a market perform rating in a research report on Friday, October 20th. Finally, BidaskClub lowered shares of MFA Financial from a hold rating to a sell rating in a research report on Saturday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $8.81.
Shares of MFA Financial (NYSE MFA) remained flat at $$7.64 during trading on Friday. The company’s stock had a trading volume of 2,530,000 shares, compared to its average volume of 3,430,000. MFA Financial has a 52-week low of $6.72 and a 52-week high of $8.90. The firm has a market capitalization of $3,030.00, a price-to-earnings ratio of 9.67 and a beta of 0.45.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend is Wednesday, March 28th. MFA Financial’s dividend payout ratio (DPR) is currently 101.27%.
In related news, CEO Craig L. Knutson bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $7.30 per share, with a total value of $58,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.92% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new stake in MFA Financial in the 4th quarter valued at $350,000. Banco de Sabadell S.A bought a new stake in MFA Financial in the 4th quarter valued at $522,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in MFA Financial by 2.0% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,313,200 shares of the real estate investment trust’s stock valued at $10,401,000 after buying an additional 25,900 shares during the period. Vident Investment Advisory LLC increased its holdings in MFA Financial by 78.8% in the 4th quarter. Vident Investment Advisory LLC now owns 29,959 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 13,200 shares during the period. Finally, Millennium Management LLC increased its holdings in MFA Financial by 26.2% in the 4th quarter. Millennium Management LLC now owns 11,284,869 shares of the real estate investment trust’s stock valued at $89,376,000 after buying an additional 2,344,148 shares during the period. 81.76% of the stock is currently 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.
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