MFA Financial (NYSE:MFA) Earns "Sector Perform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Sector Perform” rating on MFA Financial and maintained a $10.00 price target, implying approximately 10.33% upside from the prior close.
• Analyst sentiment is generally positive, with four Buy ratings and three Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $10.46.
• MFA Financial shares opened at $9.06 and were down 0.4%, while institutional investors owned 65.28% of the company’s stock.

MFA Financial (NYSE:MFA - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Thursday,Benzinga reports. They currently have a $10.00 target price on the real estate investment trust's stock. Royal Bank Of Canada's price objective indicates a potential upside of 10.33% from the company's previous close.

MFA has been the subject of a number of other research reports. Weiss Ratings upgraded MFA Financial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. BTIG Research upgraded MFA Financial from a "neutral" rating to a "buy" rating and set a $10.50 price target for the company in a report on Wednesday, June 17th. Citizens Jmp dropped their price objective on shares of MFA Financial from $11.50 to $11.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 4th. William Blair set a $11.00 price target on shares of MFA Financial in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of MFA Financial from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.46.

MFA Financial Trading Down 0.4%

NYSE:MFA opened at $9.06 on Thursday. The firm's fifty day simple moving average is $9.33 and its 200 day simple moving average is $9.63. MFA Financial has a twelve month low of $8.80 and a twelve month high of $10.56. The firm has a market capitalization of $916.28 million, a price-to-earnings ratio of 9.06 and a beta of 1.42.

Institutional Trading of MFA Financial

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of MFA Financial in the 3rd quarter worth approximately $27,000. Headlands Technologies LLC increased its holdings in shares of MFA Financial by 62.3% in the 2nd quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 1,149 shares during the period. Optiver Holding B.V. bought a new stake in MFA Financial in the 1st quarter valued at about $29,000. Public Employees Retirement System of Ohio bought a new position in MFA Financial in the 2nd quarter worth about $32,000. Finally, Global Retirement Partners LLC bought a new stake in shares of MFA Financial during the second quarter valued at approximately $39,000. Institutional investors own 65.28% of the company's stock.

About MFA Financial

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source