MFA Financial (NYSE:MFA) Receives Market Outperform Rating from JMP Securities

MFA Financial (NYSE:MFA)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a research report issued on Thursday, Benzinga reports. They presently have a $12.50 target price on the real estate investment trust’s stock. JMP Securities’ price objective indicates a potential upside of 20.42% from the stock’s previous close.

MFA Financial Price Performance

MFA stock traded up $0.13 during midday trading on Thursday, reaching $10.38. The company had a trading volume of 62,696 shares, compared to its average volume of 762,596. MFA Financial has a 1-year low of $8.41 and a 1-year high of $11.90. The stock has a 50 day moving average price of $11.05 and a 200-day moving average price of $10.69. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.93 and a beta of 2.10.

MFA Financial (NYSE:MFA) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $169.88 million during the quarter, compared to analysts’ expectations of $43.75 million. MFA Financial had a net margin of 13.24% and a return on equity of 9.44%. During the same period in the previous year, the company earned $0.46 EPS. As a group, research analysts anticipate that MFA Financial will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in shares of MFA Financial by 10.2% during the 2nd quarter. ProShare Advisors LLC now owns 13,313 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,232 shares during the last quarter. Capital Square LLC increased its holdings in shares of MFA Financial by 3.4% during the fourth quarter. Capital Square LLC now owns 39,198 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 1,294 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of MFA Financial by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 18,227 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 1,456 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of MFA Financial by 2.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,525 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of MFA Financial by 4.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 51,100 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 1,973 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

About MFA Financial

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.