MFA Financial (NYSE:MFA) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

MFA Financial (NYSE:MFA) had its price target cut by investment analysts at Keefe, Bruyette & Woods from $12.50 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 26.72% from the stock’s current price.

MFA has been the topic of a number of other reports. JMP Securities lowered their price objective on shares of MFA Financial from $12.50 to $12.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 17th. StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

MFA Financial Stock Performance

Shares of MFA Financial stock opened at $9.47 on Thursday. The company has a 50-day moving average of $9.86 and a two-hundred day moving average of $10.46. MFA Financial has a 12-month low of $7.85 and a 12-month high of $13.45. The stock has a market cap of $972.12 million, a PE ratio of 11.69 and a beta of 1.69.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $57.54 million during the quarter, compared to analysts’ expectations of $48.80 million. MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. During the same period in the previous year, the business earned $0.35 earnings per share. On average, sell-side analysts forecast that MFA Financial will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On MFA Financial

Institutional investors and hedge funds have recently modified their holdings of the company. AXS Investments LLC grew its stake in MFA Financial by 8.8% in the 1st quarter. AXS Investments LLC now owns 149,890 shares of the real estate investment trust’s stock worth $1,538,000 after acquiring an additional 12,098 shares during the period. Vanguard Group Inc. grew its position in shares of MFA Financial by 0.7% in the first quarter. Vanguard Group Inc. now owns 10,182,250 shares of the real estate investment trust’s stock valued at $104,470,000 after purchasing an additional 70,847 shares during the period. PNC Financial Services Group Inc. increased its stake in MFA Financial by 15,651.0% in the first quarter. PNC Financial Services Group Inc. now owns 15,751 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 15,651 shares during the last quarter. Natixis Advisors LLC increased its stake in MFA Financial by 15.7% in the first quarter. Natixis Advisors LLC now owns 1,085,679 shares of the real estate investment trust’s stock valued at $11,139,000 after purchasing an additional 147,498 shares during the last quarter. Finally, LPL Financial LLC lifted its position in MFA Financial by 27.9% during the first quarter. LPL Financial LLC now owns 297,873 shares of the real estate investment trust’s stock worth $3,056,000 after buying an additional 65,058 shares during the period. Hedge funds and other 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.