MFA Financial, Inc. (NYSE:MFA - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $8.76 and last traded at $8.83, with a volume of 1294067 shares trading hands. The stock had previously closed at $8.83.
Analysts Set New Price Targets
A number of equities research analysts have commented on MFA shares. Royal Bank Of Canada restated a "sector perform" rating and set a $10.00 price objective on shares of MFA Financial in a research report on Thursday, August 20th. Keefe, Bruyette & Woods dropped their target price on MFA Financial from $11.00 to $10.00 and set a "market perform" rating on the stock in a report on Wednesday, May 6th. William Blair set a $11.00 target price on MFA Financial in a report on Tuesday, August 4th. Citizens Jmp reduced their price target on shares of MFA Financial from $11.50 to $11.00 and set a "market outperform" rating for the company in a research report on Tuesday, August 4th. Finally, Citigroup restated a "market outperform" rating on shares of MFA Financial in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.46.
View Our Latest Analysis on MFA
MFA Financial Stock Performance
The company has a 50 day moving average of $9.24 and a 200 day moving average of $9.59. The firm has a market cap of $892.62 million, a P/E ratio of 8.83 and a beta of 1.42.
MFA Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 16.3%. The ex-dividend date of this dividend was Tuesday, June 30th. MFA Financial's payout ratio is currently 144.00%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of MFA Financial by 3.0% in the second quarter. BlackRock Inc. now owns 9,459,988 shares of the real estate investment trust's stock worth $91,667,000 after buying an additional 271,707 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of MFA Financial by 53.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,820,393 shares of the real estate investment trust's stock valued at $26,681,000 after acquiring an additional 977,820 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of MFA Financial by 9.2% during the 4th quarter. Wolverine Asset Management LLC now owns 1,653,062 shares of the real estate investment trust's stock valued at $15,390,000 after acquiring an additional 139,559 shares during the last quarter. Invesco Ltd. raised its stake in shares of MFA Financial by 9.2% in the 2nd quarter. Invesco Ltd. now owns 1,647,612 shares of the real estate investment trust's stock valued at $15,586,000 after acquiring an additional 139,156 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MFA Financial by 6.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,286,163 shares of the real estate investment trust's stock valued at $11,820,000 after acquiring an additional 80,900 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company's stock.
About MFA Financial
(
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.
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