MFA Financial (NYSE:MFA) Announces Earnings Results, Misses Expectations By $0.02 EPS

MFA Financial (NYSE:MFA) posted its earnings results on Wednesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02), Zacks reports. The firm had revenue of $50.80 million during the quarter, compared to analysts’ expectations of $58.06 million. MFA Financial had a return on equity of 9.61% and a net margin of 16.47%.

MFA Financial Stock Performance

Shares of MFA stock traded down $0.02 on Friday, hitting $10.35. 450,896 shares of the company’s stock traded hands, compared to its average volume of 1,060,141. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.80 and a beta of 2.11. The company’s fifty day simple moving average is $10.34 and its 200 day simple moving average is $11.38. MFA Financial has a one year low of $9.36 and a one year high of $13.45.

MFA Financial Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 13.53%. MFA Financial’s payout ratio is 172.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JMP Securities dropped their price objective on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price target on MFA Financial from $13.50 to $12.50 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com lowered MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of MFA Financial in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.70.

About MFA Financial

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.