MFA Financial, Inc. (NYSE:MFA) Receives $14.00 Consensus Target Price from Brokerages

Shares of MFA Financial, Inc. (NYSE:MFA) have been given an average recommendation of “Buy” by the five research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several analysts have issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of MFA Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $14.00 price objective for the company. Raymond James raised their price target on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. Finally, StockNews.com lowered MFA Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Hedge Funds Weigh In On MFA Financial

Several institutional investors have recently made changes to their positions in MFA. Brown Brothers Harriman & Co. bought a new position in MFA Financial in the third quarter worth approximately $25,000. Future Financial Wealth Managment LLC bought a new position in shares of MFA Financial in the 3rd quarter worth $38,000. Castleview Partners LLC purchased a new stake in shares of MFA Financial during the 3rd quarter worth $79,000. Zacks Investment Management lifted its stake in shares of MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in MFA Financial during the third quarter valued at about $189,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Trading Down 1.5 %

MFA Financial stock opened at $10.18 on Thursday. MFA Financial has a 12-month low of $9.88 and a 12-month high of $13.45. The firm has a 50-day moving average price of $11.02 and a 200-day moving average price of $11.55. The firm has a market capitalization of $1.04 billion, a PE ratio of 6.40 and a beta of 2.11.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.75%. MFA Financial’s payout ratio is 88.05%.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.