MFA Financial (NYSE:MFA) Price Target Increased to $13.00 by Analysts at Keefe, Bruyette & Woods

MFA Financial (NYSE:MFA) had its price target hoisted by Keefe, Bruyette & Woods from $12.00 to $13.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on MFA. JMP Securities reissued a market outperform rating and set a $12.50 price objective on shares of MFA Financial in a report on Friday, May 31st. StockNews.com cut shares of MFA Financial from a buy rating to a hold rating in a research report on Friday, July 12th. Finally, Wedbush boosted their price objective on shares of MFA Financial from $13.00 to $14.00 and gave the stock an outperform rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $12.50.

MFA Financial Price Performance

NYSE MFA traded up $0.18 during trading hours on Friday, reaching $11.65. 1,180,336 shares of the stock traded hands, compared to its average volume of 830,277. The stock has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $10.95. MFA Financial has a 1 year low of $8.41 and a 1 year high of $11.90. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -145.61 and a beta of 2.15.

MFA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 12.02%. MFA Financial’s dividend payout ratio (DPR) is currently -1,749.78%.

Institutional Trading of MFA Financial

A number of institutional investors have recently made changes to their positions in the stock. Capital Square LLC increased its stake in shares of MFA Financial by 2.8% in the second quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 1,139 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of MFA Financial by 82.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,203 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of MFA Financial by 8.5% during the first quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 1,447 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of MFA Financial by 17.7% during the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,508 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of MFA Financial by 6.9% in the first quarter. Global Retirement Partners LLC now owns 30,658 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 1,979 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.