Citizens Jmp Boosts MFA Financial (NYSE:MFA) Price Target to $11.50

Key Points

• Citizens Jmp raised its target price on MFA Financial to $11.50 (from $11.00) and maintained a "market outperform" rating, implying roughly an 11.27% upside from the prior close.
• MFA shares traded at $10.34 (down 0.5%) with a market cap of $1.05 billion and a P/E of 8.01; analysts' consensus is a Hold (three Buys, four Holds) with an average target of $10.94.
• Most recent quarterly results showed EPS of $0.27 (in line with estimates) while revenue of $88.72 million materially beat the $60.56 million consensus; the firm reported a return on equity of 6.67% and a net margin of 23.73%.

MFA Financial (NYSE:MFA - Get Free Report) had its target price lifted by Citizens Jmp from $11.00 to $11.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "market outperform" rating on the real estate investment trust's stock. Citizens Jmp's price objective would suggest a potential upside of 11.27% from the company's previous close.

MFA has been the subject of several other reports. Keefe, Bruyette & Woods lifted their price objective on MFA Financial from $10.00 to $11.00 and gave the stock a "market perform" rating in a report on Friday, February 20th. Weiss Ratings reiterated a "hold (c-)" rating on shares of MFA Financial in a research note on Wednesday, April 15th. Citigroup reiterated an "outperform" rating on shares of MFA Financial in a research note on Monday. Finally, Royal Bank Of Canada boosted their price target on MFA Financial from $10.00 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $10.94.

MFA Financial Stock Down 0.5%

Shares of MFA Financial stock traded down $0.06 during trading on Monday, reaching $10.34. The company's stock had a trading volume of 187,725 shares, compared to its average volume of 1,411,212. MFA Financial has a 12-month low of $8.78 and a 12-month high of $10.56. The company has a market capitalization of $1.05 billion, a P/E ratio of 8.01 and a beta of 1.47. The business has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.68.

MFA Financial (NYSE:MFA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The firm had revenue of $88.72 million for the quarter, compared to the consensus estimate of $60.56 million. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.During the same period in the previous year, the business earned $0.39 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in MFA Financial during the third quarter valued at approximately $27,000. Headlands Technologies LLC raised its stake in MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 1,149 shares in the last quarter. GAMMA Investing LLC raised its stake in MFA Financial by 86.1% during the fourth quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 2,096 shares in the last quarter. US Bancorp DE raised its stake in MFA Financial by 540.5% during the third quarter. US Bancorp DE now owns 5,925 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 5,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in MFA Financial by 23.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,340 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 1,417 shares in the last quarter. Hedge funds and other institutional investors own 65.28% of the company's stock.

MFA Financial Company Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company's primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial's investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.