MFA Financial, Inc. Declares Quarterly Dividend of $0.20 (MFA)

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, March 8th, Wall Street Journal reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Monday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date is Wednesday, March 28th.

MFA Financial has a dividend payout ratio of 103.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect MFA Financial to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 95.2%.

Shares of MFA Financial (NYSE MFA) traded up $0.04 during trading hours on Friday, reaching $7.49. 640,674 shares of the company’s stock were exchanged, compared to its average volume of 2,890,040. The stock has a market capitalization of $2,972.24, a price-to-earnings ratio of 9.49 and a beta of 0.45. MFA Financial has a one year low of $6.72 and a one year high of $8.90.

MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $52.41 million for the quarter, compared to analyst estimates of $76.10 million. MFA Financial had a net margin of 69.87% and a return on equity of 10.04%. During the same period in the prior year, the firm earned $0.18 earnings per share. equities analysts predict that MFA Financial will post 0.84 earnings per share for the current year.

In other MFA Financial news, CEO Craig L. Knutson purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $7.30 per share, with a total value of $58,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

A number of analysts have issued reports on MFA shares. B. Riley set a $8.00 price target on shares of MFA Financial and gave the stock a “hold” rating in a research note on Friday, February 16th. Zacks Investment Research downgraded MFA Financial from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.81.

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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.

Dividend History for MFA Financial (NYSE:MFA)

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