MFA Financial (NYSE:MFA) Downgraded by Zacks Investment Research to “Hold”

MFA Financial (NYSE:MFA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, 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 equities analysts have also recently commented on the stock. Royal Bank of Canada upped their target price on shares of MFA Financial from $4.00 to $4.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 19th. JMP Securities upped their target price on shares of MFA Financial from $4.25 to $4.75 and gave the company an “outperform” rating in a research note on Friday, April 16th. Keefe, Bruyette & Woods upgraded shares of MFA Financial from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 13th. Finally, TheStreet raised shares of MFA Financial from a “d+” rating to a “b-” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.35.

Shares of MFA Financial stock traded down $0.09 on Thursday, reaching $4.71. The stock had a trading volume of 3,780,043 shares, compared to its average volume of 3,930,302. The company has a market capitalization of $2.08 billion, a PE ratio of 7.72 and a beta of 1.73. MFA Financial has a fifty-two week low of $2.05 and a fifty-two week high of $4.90. The business has a 50-day moving average price of $4.34.

MFA Financial (NYSE:MFA) last released its earnings results on Thursday, May 6th. The real estate investment trust reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. MFA Financial had a net margin of 89.30% and a return on equity of 14.56%. As a group, equities analysts forecast that MFA Financial will post 0.43 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kaizen Financial Strategies grew its holdings in shares of MFA Financial by 6.6% in the 1st quarter. Kaizen Financial Strategies now owns 39,584 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 2,450 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of MFA Financial by 57.2% in the 1st quarter. Principal Financial Group Inc. now owns 45,909 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 16,703 shares during the last quarter. Paloma Partners Management Co grew its holdings in shares of MFA Financial by 68.1% in the 1st quarter. Paloma Partners Management Co now owns 39,561 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 16,027 shares during the last quarter. Millennium Management LLC grew its holdings in shares of MFA Financial by 1.2% in the 1st quarter. Millennium Management LLC now owns 3,467,283 shares of the real estate investment trust’s stock worth $14,112,000 after purchasing an additional 41,319 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of MFA Financial in the 1st quarter worth about $2,027,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.

MFA Financial 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, 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.

Featured Story: Google Finance Portfolio

Get a free copy of the Zacks research report on MFA Financial (MFA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for MFA Financial (NYSE:MFA)

Receive News & Ratings for MFA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial and related companies with MarketBeat.com's FREE daily email newsletter.