MFA Financial (NYSE:MFA) Earns Buy Rating from Analysts at Janney Montgomery Scott

Stock analysts at Janney Montgomery Scott initiated coverage on shares of MFA Financial (NYSE:MFA) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $14.00 price target on the real estate investment trust’s stock. Janney Montgomery Scott’s target price would suggest a potential upside of 35.40% from the company’s current price.

A number of other brokerages have also weighed in on MFA. StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James lifted their price objective on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. JMP Securities raised their target price on shares of MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Friday, September 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, MFA Financial presently has an average rating of “Moderate Buy” and an average target price of $14.00.

MFA Financial Trading Up 1.2 %

Shares of MFA opened at $10.34 on Thursday. The business’s 50 day moving average is $11.06 and its 200 day moving average is $11.55. MFA Financial has a 12-month low of $9.88 and a 12-month high of $13.45. The company has a market capitalization of $1.06 billion, a PE ratio of 6.50 and a beta of 2.12.

Institutional Investors Weigh In On MFA Financial

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in MFA Financial by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 496,843 shares of the real estate investment trust’s stock worth $5,286,000 after purchasing an additional 40,782 shares during the period. Natixis Advisors LLC grew its stake in shares of MFA Financial by 1.5% during the second quarter. Natixis Advisors LLC now owns 647,677 shares of the real estate investment trust’s stock valued at $6,891,000 after buying an additional 9,735 shares during the last quarter. Rhumbline Advisers grew its stake in shares of MFA Financial by 1.6% during the second quarter. Rhumbline Advisers now owns 171,755 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 2,639 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of MFA Financial by 17.9% in the second quarter. Victory Capital Management Inc. now owns 98,187 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 14,898 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of MFA Financial by 5.7% during the 2nd quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 1,792 shares during the last quarter. Institutional investors own 65.28% of the company’s stock.

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.