MFA Financial (NYSE:MFA) Given New $14.50 Price Target at Raymond James

MFA Financial (NYSE:MFA) had its target price raised by investment analysts at Raymond James from $13.00 to $14.50 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 11.41% from the company’s current price.

MFA has been the subject of several other reports. Wedbush upped their target price on shares of MFA Financial from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods increased their price objective on shares of MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, JMP Securities increased their price objective on shares of MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, MFA Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

MFA Financial Price Performance

NYSE:MFA opened at $13.02 on Thursday. The stock has a market cap of $1.33 billion, a P/E ratio of -162.67 and a beta of 2.16. MFA Financial has a one year low of $8.41 and a one year high of $13.45. The company has a fifty day moving average price of $11.88 and a 200 day moving average price of $11.22.

Institutional Investors Weigh In On MFA Financial

Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of MFA Financial by 160.7% during the 4th quarter. Wellington Management Group LLP now owns 8,779,082 shares of the real estate investment trust’s stock worth $98,940,000 after purchasing an additional 5,411,692 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of MFA Financial during the 1st quarter worth about $860,000. Clayton Partners LLC acquired a new stake in shares of MFA Financial during the 4th quarter worth about $1,071,000. ProShare Advisors LLC increased its position in shares of MFA Financial by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of MFA Financial by 82.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,203 shares in the last quarter. Institutional investors and hedge funds 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.