MFA Financial (NYSE:MFA) has been given a $8.00 price objective by investment analysts at B. Riley in a research note issued on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price objective would suggest a potential upside of 7.82% from the company’s current price. B. Riley also issued estimates for MFA Financial’s Q1 2018 earnings at $0.18 EPS and Q1 2019 earnings at $0.18 EPS.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded MFA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Royal Bank of Canada reiterated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a research note on Tuesday, November 7th. Finally, JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. MFA Financial has an average rating of “Hold” and an average price target of $8.81.
MFA Financial (NYSE MFA) opened at $7.42 on Friday. The stock has a market capitalization of $2,956.30, a P/E ratio of 9.39 and a beta of 0.46. MFA Financial has a 52 week low of $6.72 and a 52 week high of $8.90.
MFA Financial (NYSE:MFA) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $52.41 million during the quarter, compared to the consensus estimate of $76.10 million. MFA Financial had a return on equity of 10.09% and a net margin of 61.24%. During the same period in the previous year, the company posted $0.18 EPS. equities analysts expect that MFA Financial will post 0.8 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC bought a new position in MFA Financial in the 3rd quarter worth approximately $856,000. California Public Employees Retirement System boosted its stake in MFA Financial by 9.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,068,131 shares of the real estate investment trust’s stock worth $9,357,000 after purchasing an additional 87,931 shares during the period. First Quadrant L P CA boosted its stake in MFA Financial by 28.3% in the 3rd quarter. First Quadrant L P CA now owns 2,684,624 shares of the real estate investment trust’s stock worth $23,517,000 after purchasing an additional 591,765 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in MFA Financial by 8.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,321,696 shares of the real estate investment trust’s stock worth $20,339,000 after purchasing an additional 179,833 shares during the period. Finally, APG Asset Management N.V. bought a new position in MFA Financial in the 3rd quarter worth approximately $925,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
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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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