MFA Financial (NYSE:MFA) Stock Rating Upgraded by StockNews.com

MFA Financial (NYSE:MFA - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

Several other research analysts have also issued reports on MFA. Janney Montgomery Scott initiated coverage on MFA Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $14.00 price objective for the company. JMP Securities lowered their target price on shares of MFA Financial from $13.50 to $12.50 and set a "market outperform" rating on the stock in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of MFA Financial from $13.50 to $12.50 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.70.

MFA Financial Price Performance

Shares of NYSE MFA traded up $0.08 during trading hours on Thursday, reaching $10.95. The stock had a trading volume of 953,600 shares, compared to its average volume of 811,771. MFA Financial has a twelve month low of $9.36 and a twelve month high of $13.45. The business's fifty day moving average is $10.52 and its two-hundred day moving average is $11.20. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 13.51 and a beta of 2.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MFA. Brown Brothers Harriman & Co. acquired a new stake in MFA Financial in the 3rd quarter valued at about $25,000. National Bank of Canada FI acquired a new stake in shares of MFA Financial in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC increased its holdings in shares of 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 valued at $33,000 after purchasing an additional 2,923 shares in the last quarter. Quarry LP bought a new position in MFA Financial in the 4th quarter worth approximately $36,000. Finally, Parkside Financial Bank & Trust acquired a new position in MFA Financial during the 4th quarter worth $46,000. Institutional investors and hedge funds own 65.28% of the company's stock.

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.