MFA FINL INC/SH (NYSE:MFA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm currently has a $8.75 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.64% from the company’s previous close.
According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
Several other equities analysts also recently issued reports on MFA. Wedbush assumed coverage on shares of MFA FINL INC/SH in a report on Wednesday, October 9th. They set an “outperform” rating and a $8.25 price target for the company. Royal Bank of Canada assumed coverage on shares of MFA FINL INC/SH in a report on Wednesday, October 2nd. They set an “outperform” rating and a $8.00 price target for the company. Finally, ValuEngine raised shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. MFA FINL INC/SH currently has an average rating of “Buy” and a consensus price target of $8.10.
Shares of NYSE:MFA remained flat at $$7.70 during midday trading on Tuesday. 1,566,475 shares of the company were exchanged, compared to its average volume of 1,937,902. The company’s 50 day simple moving average is $7.54 and its two-hundred day simple moving average is $7.33. The stock has a market cap of $3.47 billion, a PE ratio of 11.32 and a beta of 0.51. MFA FINL INC/SH has a fifty-two week low of $6.40 and a fifty-two week high of $7.75.
MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. MFA FINL INC/SH had a net margin of 60.28% and a return on equity of 9.68%. The firm had revenue of $56.90 million during the quarter, compared to analyst estimates of $66.90 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts predict that MFA FINL INC/SH will post 0.77 EPS for the current year.
In other MFA FINL INC/SH news, VP Bryan Wulfsohn sold 67,700 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $7.71, for a total value of $521,967.00. Following the completion of the sale, the vice president now directly owns 139,849 shares of the company’s stock, valued at approximately $1,078,235.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MFA. WINTON GROUP Ltd raised its holdings in MFA FINL INC/SH by 54.0% during the 2nd quarter. WINTON GROUP Ltd now owns 228,195 shares of the real estate investment trust’s stock worth $1,638,000 after buying an additional 80,060 shares during the period. Timbercreek Investment Management Inc. raised its holdings in MFA FINL INC/SH by 87.5% during the 2nd quarter. Timbercreek Investment Management Inc. now owns 1,895,396 shares of the real estate investment trust’s stock worth $13,628,000 after buying an additional 884,587 shares during the period. CENTRAL TRUST Co raised its holdings in MFA FINL INC/SH by 800.0% during the 2nd quarter. CENTRAL TRUST Co now owns 11,250 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 10,000 shares during the period. Nisa Investment Advisors LLC raised its holdings in MFA FINL INC/SH by 2.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 172,386 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 3,421 shares during the period. Finally, Eqis Capital Management Inc. raised its holdings in MFA FINL INC/SH by 1.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 101,443 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 1,569 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.
MFA FINL INC/SH Company Profile
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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