MFA Financial’s (MFA) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their sector perform rating on shares of MFA Financial (NYSE:MFA) in a research report released on Thursday,Benzinga reports. They currently have a $10.00 target price on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings raised shares of MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. William Blair set a $11.00 price objective on shares of MFA Financial in a report on Tuesday, August 4th. Citizens Jmp reduced their price objective on shares of MFA Financial from $11.50 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 4th. Citigroup restated a “market outperform” rating on shares of MFA Financial in a report on Tuesday, August 4th. Finally, BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a research report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, MFA Financial has a consensus rating of “Moderate Buy” and an average price target of $10.46.

MFA Financial Price Performance

Shares of MFA Financial stock opened at $8.92 on Thursday. MFA Financial has a 1 year low of $8.80 and a 1 year high of $10.56. The firm’s 50-day moving average is $9.31 and its two-hundred day moving average is $9.62. The stock has a market cap of $901.72 million, a price-to-earnings ratio of 8.92 and a beta of 1.42.

MFA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.36 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.1%. MFA Financial’s dividend payout ratio (DPR) is 144.00%.

Institutional Investors Weigh In On MFA Financial

Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC increased its holdings in shares of MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,149 shares in the last quarter. ProShare Advisors LLC boosted its stake in MFA Financial by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 18,829 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 1,211 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in MFA Financial by 23.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,340 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,417 shares in the last quarter. Corient Private Wealth LLC grew its position in MFA Financial by 1.4% during the 2nd quarter. Corient Private Wealth LLC now owns 102,007 shares of the real estate investment trust’s stock worth $965,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Allworth Financial LP increased its stake in MFA Financial by 20.7% during the 4th quarter. Allworth Financial LP now owns 8,774 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

About MFA Financial

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.