Brokerages Set MFA Financial, Inc. (NYSE:MFA) Price Target at $13.80

MFA Financial, Inc. (NYSE:MFA) has been given an average rating of “Buy” by the five analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $13.80.

MFA has been the topic of several recent research reports. JMP Securities decreased their price target on shares of MFA Financial from $13.50 to $12.50 and set a “market outperform” rating on the stock in a research report on Thursday, January 23rd. Janney Montgomery Scott assumed coverage on MFA Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $14.00 target price on the stock. StockNews.com lowered MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of MFA Financial in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. raised its position in MFA Financial by 35.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust’s stock valued at $58,297,000 after purchasing an additional 1,197,220 shares during the period. Barclays PLC raised its holdings in MFA Financial by 902.9% during the 3rd quarter. Barclays PLC now owns 374,481 shares of the real estate investment trust’s stock valued at $4,764,000 after buying an additional 337,142 shares during the period. Natixis Advisors LLC lifted its position in MFA Financial by 38.7% in the third quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust’s stock worth $11,425,000 after buying an additional 250,535 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in MFA Financial during the third quarter worth $2,509,000. Finally, Van ECK Associates Corp increased its position in MFA Financial by 20.3% during the fourth quarter. Van ECK Associates Corp now owns 919,603 shares of the real estate investment trust’s stock valued at $9,371,000 after acquiring an additional 155,210 shares during the last quarter. 65.28% of the stock is owned by hedge funds and other institutional investors.

MFA Financial Stock Performance

MFA stock opened at $10.49 on Monday. The business’s 50-day moving average is $10.46 and its two-hundred day moving average is $11.44. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 6.59 and a beta of 2.11. MFA Financial has a fifty-two week low of $9.36 and a fifty-two week high of $13.45.

MFA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 13.35%. MFA Financial’s dividend payout ratio (DPR) is 88.05%.

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.