MFA Financial (NYSE:MFA) Price Target Increased to $13.50 by Analysts at JMP Securities

MFA Financial (NYSE:MFA) had its target price upped by JMP Securities from $12.50 to $13.50 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a market outperform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Wedbush boosted their price objective on MFA Financial from $13.00 to $14.00 and gave the company an outperform rating in a report on Friday, August 9th. StockNews.com upgraded MFA Financial from a hold rating to a buy rating in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on MFA Financial from $12.00 to $13.00 and gave the company an outperform rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, MFA Financial has a consensus rating of Moderate Buy and an average price target of $13.00.

MFA Financial Stock Down 0.6 %

MFA opened at $12.26 on Friday. The business has a fifty day moving average of $11.42 and a 200 day moving average of $11.09. MFA Financial has a 52-week low of $8.41 and a 52-week high of $12.53. The stock has a market cap of $1.25 billion, a P/E ratio of -153.17 and a beta of 2.16.

MFA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date was Friday, June 28th. MFA Financial’s dividend payout ratio (DPR) is presently -1,749.78%.

Institutional Investors Weigh In On MFA Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in shares of MFA Financial by 25.3% in the 4th quarter. New York State Common Retirement Fund now owns 42,866 shares of the real estate investment trust’s stock worth $483,000 after acquiring an additional 8,651 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of MFA Financial by 7.0% in the 4th quarter. Natixis Advisors L.P. now owns 465,506 shares of the real estate investment trust’s stock worth $5,245,000 after acquiring an additional 30,628 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MFA Financial by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,729,687 shares of the real estate investment trust’s stock worth $19,494,000 after acquiring an additional 51,010 shares in the last quarter. Jump Financial LLC raised its position in shares of MFA Financial by 45.1% in the 4th quarter. Jump Financial LLC now owns 36,802 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 11,431 shares in the last quarter. Finally, Independent Advisor Alliance raised its position in shares of MFA Financial by 23.2% in the 4th quarter. Independent Advisor Alliance now owns 136,523 shares of the real estate investment trust’s stock worth $1,539,000 after acquiring an additional 25,665 shares in the last quarter. 65.28% of the stock is owned by institutional investors.

MFA Financial Company Profile

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.