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MFA FINL INC/SH (NYSE:MFA) Downgraded to "Strong Sell" at Zacks Investment Research

Last updated on Wednesday, July 1, 2020 | 2020 MarketBeat

MFA FINL INC/SH (NYSE:MFA) was downgraded by Zacks Investment Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, "MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. "

Several other analysts have also commented on MFA. Wedbush lowered shares of MFA FINL INC/SH from an "outperform" rating to a "neutral" rating in a research note on Wednesday, March 25th. JMP Securities downgraded MFA FINL INC/SH from an "outperform" rating to a "market perform" rating in a research report on Monday, April 13th. ValuEngine upgraded MFA FINL INC/SH from a "hold" rating to a "buy" rating in a report on Monday. Credit Suisse Group boosted their target price on MFA FINL INC/SH from $2.00 to $3.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 17th. Finally, TheStreet lowered MFA FINL INC/SH from a "c-" rating to a "d" rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. MFA FINL INC/SH presently has a consensus rating of "Hold" and an average price target of $7.35.

Shares of MFA FINL INC/SH stock opened at $2.49 on Wednesday. The business has a fifty day simple moving average of $2.16 and a 200-day simple moving average of $4.73. MFA FINL INC/SH has a fifty-two week low of $0.32 and a fifty-two week high of $8.09. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -1.77 and a beta of 1.49.

MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings results on Tuesday, June 16th. The real estate investment trust reported ($2.02) EPS for the quarter, missing the consensus estimate of $0.14 by ($2.16). MFA FINL INC/SH had a positive return on equity of 7.60% and a negative net margin of 105.71%. The business had revenue of $61.70 million during the quarter. As a group, equities research analysts expect that MFA FINL INC/SH will post 0.76 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of MFA FINL INC/SH during the first quarter worth approximately $711,000. Marshall Wace North America L.P. purchased a new position in MFA FINL INC/SH in the fourth quarter valued at about $65,000. Ieq Capital LLC purchased a new position in MFA FINL INC/SH in the fourth quarter valued at about $77,000. National Asset Management Inc. purchased a new position in MFA FINL INC/SH in the fourth quarter valued at about $79,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of MFA FINL INC/SH during the 4th quarter worth about $82,000. 59.62% of the stock is owned by institutional investors and hedge funds.

MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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