MFA Financial, Inc. (NYSE:MFA) Plans $0.36 Quarterly Dividend

Key Points

• MFA Financial, Inc. has declared a quarterly dividend of $0.36 per share, with a dividend yield of 14.1%, set to be paid on October 31st to investors of record as of September 30th.
• The company has a dividend payout ratio of 104.3%, indicating that it is relying on its balance sheet to cover dividend payments rather than earnings alone.
• Despite reporting earnings of $0.24 per share for the last quarter, which missed estimates, MFA Financial had a market cap of $1.05 billion and saw bullish market ratings with a consensus rating of "Moderate Buy."

MFA Financial, Inc. (NYSE:MFA - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 14.1%.

MFA Financial has a dividend payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Stock Performance

Shares of NYSE:MFA traded up $0.01 during midday trading on Thursday, hitting $10.20. 1,355,499 shares of the company's stock traded hands, compared to its average volume of 1,291,041. MFA Financial has a twelve month low of $7.85 and a twelve month high of $13.45. The company has a market cap of $1.05 billion, a PE ratio of 11.72 and a beta of 1.68. The firm's fifty day moving average price is $9.65 and its two-hundred day moving average price is $9.74.

MFA Financial (NYSE:MFA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). MFA Financial had a net margin of 17.62% and a return on equity of 8.61%. The company had revenue of $61.28 million during the quarter, compared to analyst estimates of $59.50 million. During the same quarter last year, the business posted $0.32 EPS. As a group, equities research analysts anticipate that MFA Financial will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada set a $10.00 target price on MFA Financial and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. UBS Group reiterated a "buy" rating on shares of MFA Financial in a research note on Wednesday, September 3rd. JMP Securities lowered their target price on MFA Financial from $12.00 to $11.00 and set a "market outperform" rating for the company in a research note on Thursday, July 17th. Jones Trading reiterated a "hold" rating on shares of MFA Financial in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods downgraded MFA Financial from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $12.00 to $10.00 in a report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, MFA Financial presently has a consensus rating of "Moderate Buy" and an average target price of $12.14.

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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