MFA FINL INC/SH (NYSE:MFA) Shares Gap Down to $7.24

MFA FINL INC/SH (NYSE:MFA) gapped down prior to trading on Friday . The stock had previously closed at $7.39, but opened at $7.24. MFA FINL INC/SH shares last traded at $7.18, with a volume of 4,569,636 shares traded.

MFA has been the topic of several recent research reports. Zacks Investment Research raised MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Friday, March 8th. JMP Securities downgraded MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods raised MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.88.

The company has a 50-day moving average price of $7.22. The firm has a market cap of $3.23 billion, a PE ratio of 10.56 and a beta of 0.54.

MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). MFA FINL INC/SH had a return on equity of 8.83% and a net margin of 62.34%. The business had revenue of $61.93 million for the quarter, compared to analysts’ expectations of $60.20 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that MFA FINL INC/SH will post 0.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.14%. The ex-dividend date is Friday, June 28th. MFA FINL INC/SH’s dividend payout ratio is currently 117.65%.

Several large investors have recently added to or reduced their stakes in MFA. Norges Bank purchased a new stake in shares of MFA FINL INC/SH during the fourth quarter worth about $35,595,000. FMR LLC grew its holdings in MFA FINL INC/SH by 8.1% during the 1st quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock valued at $326,235,000 after buying an additional 3,361,407 shares in the last quarter. Bessemer Group Inc. grew its holdings in MFA FINL INC/SH by 54.4% during the 4th quarter. Bessemer Group Inc. now owns 6,280,434 shares of the real estate investment trust’s stock valued at $41,953,000 after buying an additional 2,212,213 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in MFA FINL INC/SH by 70.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,907,258 shares of the real estate investment trust’s stock valued at $28,406,000 after buying an additional 1,615,076 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in MFA FINL INC/SH by 4.1% during the 4th quarter. BlackRock Inc. now owns 28,837,121 shares of the real estate investment trust’s stock valued at $192,630,000 after buying an additional 1,124,632 shares in the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

About MFA FINL INC/SH (NYSE:MFA)

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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