In yesterday’s Wall Street session, MFA Financial Inc. (NYSE:MFA) shares traded at $10.49, down -6.67% from the previous session.
As of this writing, 6 analysts cover MFA Financial Inc. (NYSE:MFA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $11.00, we find $12.50. Given the previous closing price of $11.24, this indicates a potential upside of 11.21 percent. MFA stock price is now -6.27% away from the 50-day moving average and -1.42% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $12.55 as their price target over the next twelve months.
With the price target maintained at $12.50, Credit Suisse recently Upgraded its rating from Neutral to Outperform for MFA Financial Inc. (NYSE: MFA).
In other news, STARWOOD CAPITAL GROUP GLOBAL , 10% Owner sold 10,188,539 shares of the company’s stock on Jan 09. The stock was sold for $102,632,210 at an average price of $10.07. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06, 10% Owner STARWOOD CAPITAL GROUP GLOBAL sold 450,000 shares of the business’s stock. A total of $4,723,065 was realized by selling the stock at an average price of $10.50. This leaves the insider owning 10,188,539 shares of the company worth $106.88 million. Insiders disposed of 10,685,430 shares of company stock worth roughly $112.09 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MFA stock. A new stake in MFA Financial Inc. shares was purchased by VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. during the first quarter worth $24,283,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $2,487,000 in shares of MFA during the first quarter. In the first quarter, WEST FAMILY INVESTMENTS, INC. acquired a new stake in MFA Financial Inc. valued at approximately $2,161,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in MFA for approximately $1,055,000. JEFFERIES GROUP LLC purchased a new stake in MFA valued at around $827,000 in the second quarter. In total, there are 232 active investors with 66.80% ownership of the company’s stock.
Thursday morning saw MFA Financial Inc. (NYSE: MFA) opened at $11.21. During the past 12 months, MFA Financial Inc. has had a low of $7.15 and a high of $12.91. The fifty day moving average price for MFA is $11.18 and a two-hundred day moving average price translates $10.65 for the stock.
The latest earnings results from MFA Financial Inc. (NYSE: MFA) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.33 by -0.03. This compares to -$0.86 EPS in the same period last year. The net profit margin was -28.30% and return on equity was -5.30% for MFA. The company reported revenue of $132.21 million for the quarter, compared to $106.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.31 percent. For the current quarter, analysts expect MFA to generate $49.41M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 06/30/2023 were paid a $0.35 dividend. On an annualized basis, this represents a $1.40 dividend and a 13.35% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
MFA Financial Inc.(MFA) Company Profile
MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust in the United States. The company invests in residential mortgage assets, 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. MFA Financial, Inc. was incorporated in 1997 and is based in New York, New York.
