MFA Financial, Inc. (NYSE:MFA) Receives $13.60 Average PT from Brokerages

MFA Financial, Inc. (NYSE:MFA - Get Free Report) has received an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.60.

A number of research firms have commented on MFA. Keefe, Bruyette & Woods raised their price objective on MFA Financial from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Raymond James increased their target price on MFA Financial from $13.00 to $14.50 and gave the stock an "outperform" rating in a report on Thursday, September 19th. StockNews.com downgraded MFA Financial from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. JMP Securities increased their price objective on shares of MFA Financial from $12.50 to $13.50 and gave the stock a "market outperform" rating in a research note on Friday, September 6th. Finally, Wedbush restated an "outperform" rating and issued a $15.00 target price on shares of MFA Financial in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in MFA Financial in the third quarter valued at $25,000. Future Financial Wealth Managment LLC bought a new position in shares of MFA Financial during the third quarter worth about $38,000. Castleview Partners LLC acquired a new position in shares of MFA Financial in the third quarter worth approximately $79,000. Quent Capital LLC raised its holdings in MFA Financial by 17.7% during the 1st quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust's stock worth $114,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Zacks Investment Management lifted its position in shares of MFA Financial by 12.7% in the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,281 shares during the period. Institutional investors own 65.28% of the company's stock.

MFA Financial Stock Performance

NYSE:MFA traded down $0.04 during mid-day trading on Friday, reaching $11.11. 446,876 shares of the company's stock were exchanged, compared to its average volume of 752,741. MFA Financial has a one year low of $10.20 and a one year high of $13.45. The business's fifty day simple moving average is $12.00 and its two-hundred day simple moving average is $11.56. The firm has a market capitalization of $1.13 billion, a PE ratio of 7.04 and a beta of 2.16.

MFA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.35 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.40 dividend on an annualized basis and a yield of 12.60%. MFA Financial's payout ratio is presently 88.05%.

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.