Jones Trading Reiterates "Hold" Rating for MFA Financial (NYSE:MFA)

Key Points

• Jones Trading has reiterated a "Hold" rating for MFA Financial, amidst mixed ratings from other analysts, with a consensus price target of $12.07.
• MFA Financial's stock opened at $9.32 and has seen a 12-month low of $7.85 and a high of $13.45.
• The company reported a quarterly EPS of $0.24, missing analysts' expectations, while generating revenues of $61.28 million.

MFA Financial (NYSE:MFA - Get Free Report)'s stock had its "hold" rating restated by Jones Trading in a research note issued on Monday,Benzinga reports.

A number of other research analysts have also recently commented on MFA. Keefe, Bruyette & Woods cut shares of MFA Financial from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $12.00 to $10.00 in a research note on Thursday, July 10th. Royal Bank Of Canada set a $10.00 price target on shares of MFA Financial and gave the stock a "sector perform" rating in a research note on Wednesday, May 28th. JMP Securities dropped their price objective on shares of MFA Financial from $12.00 to $11.00 and set a "market outperform" rating for the company in a report on Thursday, July 17th. Finally, UBS Group lifted their target price on shares of MFA Financial from $9.50 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.07.

MFA Financial Stock Down 0.3%

Shares of MFA opened at $9.32 on Monday. The stock has a market cap of $956.37 million, a price-to-earnings ratio of 10.71 and a beta of 1.64. MFA Financial has a 12 month low of $7.85 and a 12 month high of $13.45. The company has a 50-day moving average price of $9.44 and a two-hundred day moving average price of $9.81.

MFA Financial (NYSE:MFA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The business had revenue of $61.28 million for the quarter, compared to the consensus estimate of $59.50 million. MFA Financial had a return on equity of 8.61% and a net margin of 17.62%. During the same quarter in the prior year, the business earned $0.32 EPS. Equities research analysts expect that MFA Financial will post 1.5 EPS for the current fiscal year.

Institutional Trading of MFA Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in MFA. Bank of America Corp DE raised its holdings in MFA Financial by 31.2% during the 4th quarter. Bank of America Corp DE now owns 124,317 shares of the real estate investment trust's stock worth $1,267,000 after purchasing an additional 29,584 shares during the last quarter. Deutsche Bank AG raised its holdings in MFA Financial by 50.5% during the 4th quarter. Deutsche Bank AG now owns 84,502 shares of the real estate investment trust's stock worth $861,000 after purchasing an additional 28,348 shares during the last quarter. Invesco Ltd. raised its position in shares of MFA Financial by 16.9% during the 4th quarter. Invesco Ltd. now owns 1,223,112 shares of the real estate investment trust's stock valued at $12,464,000 after acquiring an additional 177,067 shares during the last quarter. Northern Trust Corp raised its position in shares of MFA Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,006,842 shares of the real estate investment trust's stock valued at $10,260,000 after acquiring an additional 97,945 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of MFA Financial by 15.7% during the 1st quarter. Natixis Advisors LLC now owns 1,085,679 shares of the real estate investment trust's stock valued at $11,139,000 after acquiring an additional 147,498 shares during the last quarter. 65.28% of the stock is owned by institutional investors.

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.

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