MFA FINL INC/SH (MFA) Downgraded to “Market Perform” at JMP Securities

MFA FINL INC/SH (NYSE:MFA) was downgraded by research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, May 7th, The Fly reports.

Separately, Zacks Investment Research raised MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Friday, March 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.94.

Shares of NYSE:MFA traded down $0.05 during midday trading on Tuesday, reaching $7.04. The company’s stock had a trading volume of 6,618,133 shares, compared to its average volume of 2,132,399. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.35 and a beta of 0.51. MFA FINL INC/SH has a fifty-two week low of $6.40 and a fifty-two week high of $8.15.

MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). MFA FINL INC/SH had a net margin of 62.34% and a return on equity of 8.83%. The business had revenue of $61.93 million during the quarter, compared to analyst estimates of $60.20 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts predict that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in shares of MFA FINL INC/SH by 35.3% in the first quarter. Nordea Investment Management AB now owns 909,918 shares of the real estate investment trust’s stock valued at $6,615,000 after acquiring an additional 237,530 shares in the last quarter. FMR LLC grew its holdings in MFA FINL INC/SH by 8.1% during the first quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock valued at $326,235,000 after purchasing an additional 3,361,407 shares during the period. Jane Street Group LLC grew its holdings in MFA FINL INC/SH by 20.7% during the first quarter. Jane Street Group LLC now owns 75,682 shares of the real estate investment trust’s stock valued at $550,000 after purchasing an additional 12,989 shares during the period. BlueCrest Capital Management Ltd bought a new position in MFA FINL INC/SH during the first quarter valued at $118,000. Finally, SEI Investments Co grew its holdings in MFA FINL INC/SH by 9.4% during the first quarter. SEI Investments Co now owns 603,410 shares of the real estate investment trust’s stock valued at $4,428,000 after purchasing an additional 51,904 shares during the period. 80.35% of the stock is owned by institutional investors.

MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

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