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MFA Financial (NYSE:MFA) Reaches New 52-Week Low - What's Next?

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MFA Financial, Inc. (NYSE:MFA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.09 and last traded at $10.09, with a volume of 18553 shares traded. The stock had previously closed at $10.22.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MFA. StockNews.com cut MFA Financial from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Raymond James boosted 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. JMP Securities increased their target price on 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 reaffirmed an "outperform" rating and issued a $15.00 price target on shares of MFA Financial in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Get Our Latest Stock Report on MFA Financial

MFA Financial Stock Down 0.3 %

The company has a market cap of $1.04 billion, a P/E ratio of 6.41 and a beta of 2.12. The business has a fifty day simple moving average of $11.18 and a two-hundred day simple moving average of $11.57.

MFA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date is Tuesday, December 31st. MFA Financial's payout ratio is 88.05%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its position in shares of MFA Financial by 35.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust's stock valued at $58,297,000 after purchasing an additional 1,197,220 shares during the period. Barclays PLC increased its stake in MFA Financial by 902.9% in the 3rd quarter. Barclays PLC now owns 374,481 shares of the real estate investment trust's stock worth $4,764,000 after buying an additional 337,142 shares in the last quarter. Natixis Advisors LLC raised its holdings in MFA Financial by 38.7% during the third quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust's stock valued at $11,425,000 after acquiring an additional 250,535 shares during the period. Segall Bryant & Hamill LLC bought a new stake in MFA Financial during the third quarter valued at about $2,509,000. Finally, State Street Corp lifted its position in shares of MFA Financial by 6.2% in the third quarter. State Street Corp now owns 2,579,818 shares of the real estate investment trust's stock valued at $33,700,000 after acquiring an additional 151,321 shares in the last quarter. Institutional investors own 65.28% of the company's stock.

MFA Financial Company Profile

(Get Free Report)

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.

Further Reading

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