Brokerages Set MFA Financial, Inc. (NYSE:MFA) Price Target at $13.80

Shares of MFA Financial, Inc. (NYSE:MFA) have received a consensus rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.80.

MFA has been the subject of several recent research reports. JMP Securities reduced their price target on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a research report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of MFA Financial in a research note on Thursday, November 7th. Janney Montgomery Scott started coverage on shares of MFA Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

MFA Financial Price Performance

Shares of MFA Financial stock opened at $10.12 on Monday. The stock has a market cap of $1.03 billion, a PE ratio of 6.36 and a beta of 2.11. The firm has a fifty day moving average price of $10.49 and a 200 day moving average price of $11.46. MFA Financial has a 1 year low of $9.36 and a 1 year high of $13.45.

MFA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 13.84%. MFA Financial’s dividend payout ratio (DPR) is 88.05%.

Institutional Trading of MFA Financial

A number of institutional investors and hedge funds have recently modified their holdings of MFA. Brown Brothers Harriman & Co. acquired a new stake in shares of MFA Financial in the third quarter valued at about $25,000. Future Financial Wealth Managment LLC acquired a new stake in MFA Financial in the 3rd quarter valued at about $38,000. Castleview Partners LLC purchased a new position in MFA Financial in the 3rd quarter worth approximately $79,000. Strategic Financial Concepts LLC purchased a new position in MFA Financial in the 4th quarter worth approximately $104,000. Finally, Zacks Investment Management boosted its holdings in shares of MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,281 shares during the last quarter. 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.