MFA Financial (NYSE:MFA) Price Target Raised to $14.50

MFA Financial (NYSE:MFA) had its price objective hoisted by Raymond James from $13.00 to $14.50 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. JMP Securities boosted their price target on MFA Financial from $12.50 to $13.50 and gave the stock a market outperform rating in a research report on Friday, September 6th. Wedbush upped their target price on shares of MFA Financial from $13.00 to $14.00 and gave the company an outperform rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods lifted their price target on shares of MFA Financial from $12.00 to $13.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Finally, StockNews.com raised shares of MFA Financial from a hold rating to a buy rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $13.40.

MFA Financial Price Performance

NYSE:MFA opened at $13.01 on Thursday. MFA Financial has a 12 month low of $8.41 and a 12 month high of $13.45. The business’s 50-day moving average is $11.88 and its two-hundred day moving average is $11.23. The firm has a market capitalization of $1.33 billion, a PE ratio of -162.60 and a beta of 2.16.

MFA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Friday, September 27th. MFA Financial’s dividend payout ratio is currently -1,749.78%.

Institutional Investors Weigh In On MFA Financial

A number of institutional investors have recently modified their holdings of MFA. Capital Square LLC lifted its stake in MFA Financial by 2.8% during the second quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock worth $479,000 after purchasing an additional 1,139 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,203 shares during the period. ProShare Advisors LLC grew its position in shares of MFA Financial by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,447 shares during the last quarter. Quent Capital LLC raised its stake in MFA Financial by 17.7% during the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,508 shares during the period. Finally, Inspire Investing LLC lifted its holdings in MFA Financial by 5.7% in the second quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 1,792 shares during the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

About MFA Financial

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.