Analysts at Zacks Investment Research upgraded shares of MFA Financial Inc. (NYSE: MFA) from Hold to Buy today. The company currently has a rating of Buy on the shares. The one-year price target of $7.58 is above the opening price of $7.57, resulting a fair amount of other analysts to report on the company in recent days. Looking back over the last year, MFA Financial Inc. stock has a high of $7.86. Typically, after analysts publish an upgrade report on a stock, they will subsequently issue sporadic revisions, such as a price target change.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday MFA Financial Inc. (NYSE: MFA) shares last traded at $7.53, which represents a dip of $0.02 over the previous closing price. Opening at $7.57, they varied from $7.53 and $7.58 throughout the day.
MFA Financial Inc. (NYSE: MFA) now has a market cap of 2.79B.
1,410,486 shares traded hands yesterday, 45 percent lower than the norm, out of a total float 368,380,000. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to identify substantial volume aggregation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% greater than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts that investigate thousands of stocks, so it is good corroboration to see them buying a stock you are considering.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, MFA Financial Inc. (NYSE: MFA) now has a 50-day MA of $7.68 and 200-day MA of $7.23. It has traded in a 52-week range between $5.61 – 7.86 and today’s last price is 0.04% lower than the 52 week high of $7.86.
Earnings growth is a crucial factor to look at when buying stocks and investors seek companies that have increased their earnings at least 25% or more for a 3 year period.
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