Shares of MFA Financial, Inc. (NYSE:MFA - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.34 and traded as low as $9.09. MFA Financial shares last traded at $9.10, with a volume of 927,291 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Citigroup reiterated a "market outperform" rating on shares of MFA Financial in a report on Tuesday, August 4th. Citizens Jmp reduced their price target on MFA Financial from $11.50 to $11.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 4th. William Blair set a $11.00 price target on MFA Financial in a research report on Tuesday, August 4th. Keefe, Bruyette & Woods dropped their price objective on MFA Financial from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada dropped their price objective on MFA Financial from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $10.46.
Get Our Latest Stock Report on MFA Financial
MFA Financial Trading Down 0.7%
The firm has a market capitalization of $919.90 million, a P/E ratio of 9.10 and a beta of 1.42. The company's fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.65.
MFA Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.36 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.44 annualized dividend and a yield of 15.8%. MFA Financial's dividend payout ratio (DPR) is 144.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of MFA Financial during the third quarter valued at approximately $27,000. Headlands Technologies LLC lifted its position 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 during the period. Optiver Holding B.V. purchased a new position in MFA Financial during the first quarter valued at $29,000. Public Employees Retirement System of Ohio bought a new stake in shares of MFA Financial during the 2nd quarter valued at $32,000. Finally, Global Retirement Partners LLC bought a new stake in shares of MFA Financial during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 65.28% of the company's stock.
MFA Financial Company Profile
(
Get Free Report)
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.
Further Reading
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