MFA Financial (NYSE:MFA) Stock Rating Reaffirmed by JMP Securities

MFA Financial (NYSE:MFA)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports. They presently have a $12.50 target price on the real estate investment trust’s stock. JMP Securities’ target price would suggest a potential upside of 19.85% from the stock’s current price.

MFA Financial Trading Up 1.5 %

MFA stock opened at $10.43 on Thursday. MFA Financial has a 1-year low of $8.41 and a 1-year high of $11.90. The firm has a market cap of $1.06 billion, a PE ratio of 26.08 and a beta of 2.10. The business’s 50-day moving average price is $11.04 and its two-hundred day moving average price is $10.69.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12. MFA Financial had a return on equity of 9.44% and a net margin of 13.24%. The business had revenue of $169.88 million for the quarter, compared to analysts’ expectations of $43.75 million. During the same quarter in the previous year, the business posted $0.46 EPS. On average, analysts forecast that MFA Financial will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On MFA Financial

Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in shares of MFA Financial by 10.2% during the second quarter. ProShare Advisors LLC now owns 13,313 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 1,232 shares in the last quarter. Capital Square LLC raised its holdings in shares of MFA Financial by 3.4% in the fourth quarter. Capital Square LLC now owns 39,198 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 1,294 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of MFA Financial by 8.7% in the third quarter. Commonwealth Equity Services LLC now owns 18,227 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 1,456 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MFA Financial by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,525 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in MFA Financial by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 51,100 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 1,973 shares in the last quarter. Institutional investors 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.