JMP Securities Has Lowered Expectations for MFA Financial (NYSE:MFA) Stock Price

MFA Financial (NYSE:MFA) had its target price decreased by research analysts at JMP Securities from $13.50 to $12.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price objective points to a potential upside of 22.73% from the company’s previous close.

A number of other research firms also recently weighed in on MFA. StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a research note on Thursday, November 7th. Finally, Janney Montgomery Scott started coverage on shares of MFA Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.80.

MFA Financial Stock Up 0.7 %

MFA opened at $10.19 on Thursday. MFA Financial has a 52 week low of $9.36 and a 52 week high of $13.45. The stock has a market cap of $1.04 billion, a PE ratio of 6.41 and a beta of 2.11. The business has a 50 day moving average of $10.53 and a 200-day moving average of $11.47.

Hedge Funds Weigh In On MFA Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its position in MFA Financial by 1.0% during the third quarter. Wellington Management Group LLP now owns 11,005,138 shares of the real estate investment trust’s stock valued at $139,985,000 after buying an additional 111,331 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of MFA Financial by 35.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust’s stock worth $58,297,000 after acquiring an additional 1,197,220 shares during the last quarter. State Street Corp grew its position in shares of MFA Financial by 6.2% during the 3rd quarter. State Street Corp now owns 2,579,818 shares of the real estate investment trust’s stock valued at $33,700,000 after acquiring an additional 151,321 shares during the period. Geode Capital Management LLC increased its stake in shares of MFA Financial by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,407,455 shares of the real estate investment trust’s stock worth $30,629,000 after purchasing an additional 21,331 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in MFA Financial by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,835,409 shares of the real estate investment trust’s stock valued at $23,346,000 after purchasing an additional 12,071 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

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.