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.
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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