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MFA Financial (NYSE:MFA) Lowered to "Market Perform" Rating by Keefe, Bruyette & Woods

MFA Financial logo with Finance background

Keefe, Bruyette & Woods lowered shares of MFA Financial (NYSE:MFA - Free Report) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has $10.00 price target on the real estate investment trust's stock, down from their previous price target of $12.00.

MFA has been the subject of several other research reports. Jones Trading raised shares of MFA Financial to a "hold" rating in a research note on Monday, July 7th. Royal Bank Of Canada set a $10.00 price objective on shares of MFA Financial and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. Wall Street Zen lowered shares of MFA Financial from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, JMP Securities reduced their price objective on shares of MFA Financial from $12.50 to $12.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.21.

Get Our Latest Stock Report on MFA Financial

MFA Financial Stock Down 1.4%

Shares of NYSE:MFA traded down $0.13 during trading on Thursday, reaching $9.35. 1,381,548 shares of the company traded hands, compared to its average volume of 1,117,161. The firm has a fifty day simple moving average of $9.54 and a 200 day simple moving average of $9.92. The firm has a market cap of $959.78 million, a P/E ratio of 9.54 and a beta of 1.63. MFA Financial has a 1-year low of $7.85 and a 1-year high of $13.45.

MFA Financial (NYSE:MFA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). MFA Financial had a net margin of 18.86% and a return on equity of 9.44%. The company had revenue of $57.54 million for the quarter, compared to analyst estimates of $48.80 million. During the same period last year, the business earned $0.35 EPS. As a group, research analysts anticipate that MFA Financial will post 1.5 EPS for the current year.

MFA Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.44 annualized dividend and a yield of 15.40%. MFA Financial's dividend payout ratio (DPR) is presently 146.94%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of MFA Financial during the 1st quarter worth about $25,000. National Bank of Canada FI bought a new position in shares of MFA Financial during the 4th quarter worth about $27,000. Sterling Capital Management LLC increased its holdings in shares of MFA Financial by 823.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,278 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,923 shares during the period. Quarry LP bought a new position in shares of MFA Financial during the 4th quarter worth about $36,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of MFA Financial during the 4th quarter worth about $121,000. Institutional investors own 65.28% of the company's stock.

About MFA Financial

(Get Free Report)

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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Analyst Recommendations for MFA Financial (NYSE:MFA)

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