Brokerages Set MFA Financial, Inc. (NYSE:MFA) PT at $13.70

MFA Financial, Inc. (NYSE:MFA - Get Free Report) has received an average rating of "Buy" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.70.

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of MFA Financial from $13.50 to $12.50 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Janney Montgomery Scott started coverage on shares of MFA Financial in a report on Thursday, January 2nd. They set a "buy" rating and a $14.00 price target on the stock. StockNews.com upgraded MFA Financial from a "hold" rating to a "buy" rating in a report on Thursday. Finally, JMP Securities lowered their target price on MFA Financial from $13.50 to $12.50 and set a "market outperform" rating on the stock in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new stake in shares of MFA Financial in the 3rd quarter worth approximately $25,000. National Bank of Canada FI acquired a new position in shares of MFA Financial in the fourth quarter valued at $27,000. Sterling Capital Management LLC lifted its position in MFA Financial by 823.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,278 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,923 shares during the period. Quarry LP acquired a new stake in MFA Financial during the fourth quarter worth $36,000. Finally, Parkside Financial Bank & Trust bought a new stake in MFA Financial in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 65.28% of the company's stock.

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MFA Financial Price Performance

Shares of NYSE:MFA traded down $0.15 on Tuesday, reaching $10.86. 2,205,400 shares of the company traded hands, compared to its average volume of 809,426. The stock has a market capitalization of $1.11 billion, a PE ratio of 13.40 and a beta of 2.18. The company's 50 day moving average is $10.47 and its 200-day moving average is $11.23. MFA Financial has a fifty-two week low of $9.36 and a fifty-two week high of $13.45.

MFA Financial (NYSE:MFA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $50.80 million for the quarter, compared to analysts' expectations of $58.06 million. MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. As a group, analysts expect that MFA Financial will post 1.5 EPS for the current year.

MFA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from MFA Financial's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 13.27%. MFA Financial's dividend payout ratio is 177.78%.

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.