MFA Financial (NYSE:MFA) Price Target Cut to $10.25 by Analysts at UBS Group

MFA Financial (NYSE:MFA) had its price target dropped by stock analysts at UBS Group from $10.50 to $10.25 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 13.95% from the company’s previous close.

Several other equities research analysts also recently weighed in on MFA. Wall Street Zen raised shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Monday, November 10th. Jones Trading reiterated a “hold” rating on shares of MFA Financial in a report on Monday, August 11th. Finally, Weiss Ratings upgraded MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MFA Financial has an average rating of “Hold” and a consensus price target of $11.05.

MFA Financial Price Performance

MFA traded down $0.11 during trading on Tuesday, reaching $9.00. 841,478 shares of the company’s stock were exchanged, compared to its average volume of 1,344,377. The company’s fifty day simple moving average is $9.35 and its 200-day simple moving average is $9.51. The stock has a market capitalization of $919.25 million, a P/E ratio of 10.34 and a beta of 1.73. MFA Financial has a 1 year low of $7.85 and a 1 year high of $11.34.

MFA Financial (NYSE:MFA) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). MFA Financial had a net margin of 17.62% and a return on equity of 8.61%. The company had revenue of $101.03 million during the quarter, compared to analysts’ expectations of $57.40 million. During the same quarter last year, the company earned $0.37 earnings per share. Equities analysts forecast that MFA Financial will post 1.5 EPS for the current year.

Institutional Trading of MFA Financial

Several hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its stake in shares of MFA Financial by 15.7% in the 1st quarter. Natixis Advisors LLC now owns 1,085,679 shares of the real estate investment trust’s stock worth $11,139,000 after acquiring an additional 147,498 shares during the period. CWM LLC raised its holdings in MFA Financial by 3,524.4% during the second quarter. CWM LLC now owns 96,772 shares of the real estate investment trust’s stock worth $915,000 after purchasing an additional 94,102 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in MFA Financial by 10,897.0% during the 1st quarter. Russell Investments Group Ltd. now owns 58,944 shares of the real estate investment trust’s stock valued at $605,000 after purchasing an additional 58,408 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of MFA Financial during the 2nd quarter valued at $587,000. Finally, Invesco Ltd. raised its stake in shares of MFA Financial by 23.3% in the 1st quarter. Invesco Ltd. now owns 1,508,456 shares of the real estate investment trust’s stock worth $15,477,000 after buying an additional 285,344 shares in 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.