Brokerages Set MFA Financial, Inc. (NYSE:MFA) Price Target at $14.00

MFA Financial, Inc. (NYSE:MFA) has received an average recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

A number of brokerages recently weighed in on MFA. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research note on Thursday. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James raised their price objective on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Wedbush restated an “outperform” rating and set a $15.00 target price on shares of MFA Financial in a report on Thursday, November 7th.

MFA Financial Price Performance

Shares of NYSE:MFA opened at $10.34 on Thursday. The business’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.55. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.50 and a beta of 2.11. MFA Financial has a 1 year low of $9.88 and a 1 year high of $13.45.

MFA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.54%. The ex-dividend date of this dividend is Tuesday, December 31st. MFA Financial’s dividend payout ratio is presently 88.05%.

Hedge Funds Weigh In On MFA Financial

Hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of MFA Financial in the third quarter valued at approximately $25,000. Future Financial Wealth Managment LLC purchased a new position in MFA Financial in the 3rd quarter valued at approximately $38,000. Castleview Partners LLC acquired a new position in shares of MFA Financial in the third quarter worth $79,000. Zacks Investment Management grew its stake in shares of MFA Financial by 12.7% in the third quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,281 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of MFA Financial during the third quarter worth $189,000. 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.