MFA Financial (NYSE:MFA) PT Raised to $13.50 at JMP Securities

MFA Financial (NYSE:MFA) had its target price upped by analysts at JMP Securities from $12.50 to $13.50 in a report released on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ price objective would indicate a potential upside of 10.11% from the stock’s current price.

A number of other equities analysts have also issued reports on MFA. Wedbush raised their price target on shares of MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. StockNews.com raised shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

MFA Financial Stock Down 0.6 %

Shares of NYSE:MFA opened at $12.26 on Friday. MFA Financial has a 52-week low of $8.41 and a 52-week high of $12.53. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -153.23 and a beta of 2.16. The business has a 50-day moving average price of $11.46 and a 200-day moving average price of $11.09.

Institutional Trading of MFA Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of MFA Financial by 160.7% during the 4th quarter. Wellington Management Group LLP now owns 8,779,082 shares of the real estate investment trust’s stock worth $98,940,000 after acquiring an additional 5,411,692 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in MFA Financial during the first quarter worth approximately $860,000. Clayton Partners LLC acquired a new stake in MFA Financial in the fourth quarter valued at approximately $1,071,000. ProShare Advisors LLC increased its position in shares of MFA Financial by 8.5% in the first quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,447 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of MFA Financial by 25.3% during the 4th quarter. New York State Common Retirement Fund now owns 42,866 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 8,651 shares during the period. Institutional investors and hedge funds 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.