MFA Financial, Inc. (MFA) To Go Ex-Dividend on September 27th

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.35 per share by the real estate investment trust on Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend is Friday, September 27th.

MFA Financial has increased its dividend payment by an average of 8.4% annually over the last three years. MFA Financial has a dividend payout ratio of 84.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect MFA Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 96.6%.

MFA Financial Stock Performance

MFA opened at $12.97 on Wednesday. The firm’s 50-day moving average price is $11.93 and its 200-day moving average price is $11.25. MFA Financial has a 52-week low of $8.41 and a 52-week high of $13.45.

Analyst Ratings Changes

A number of research analysts have issued reports on MFA shares. Keefe, Bruyette & Woods raised their price target on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. JMP Securities lifted their target price on MFA Financial from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Wedbush upped their target price on MFA Financial from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Raymond James lifted their price objective on shares of MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Finally, StockNews.com raised shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, MFA Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

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.