MFA Financial (NYSE:MFA) Sets New 52-Week Low - Time to Sell?
MFA Financial (NYSE:MFA) reached a new 52-week low of $9.88, closing at $9.93 with a trading volume of 96,390 shares. Analysts have mixed views, with Raymond James raising its price target to $14.50 and maintaining an "outperform" rating, while StockNews.com downgraded it to "hold." The company announced a quarterly dividend of $0.35 per share, yielding 14.10%. Institutional investors hold 65.28% of the stock, reflecting recent activity in the third quarter. MFA operates as a real estate investment trust, focusing on residential mortgage securities and related assets.
MFA Financial, Inc. (NYSE:MFA - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $9.88 and last traded at $9.93, with a volume of 96390 shares. The stock had previously closed at $10.05.
Get MFA Financial alerts:
Wall Street Analysts Forecast Growth
MFA has been the subject of several research reports. Raymond James increased their price target on shares of MFA Financial from $13.00 to $14.50 and gave the company an "outperform" rating in a research report on Thursday, September 19th. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $14.00 price target for the company. Wedbush reissued an "outperform" rating and set a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. Finally, StockNews.com downgraded MFA Financial from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.
Get Our Latest Analysis on MFA Financial
MFA Financial Stock Performance
The firm has a market cap of $1.01 billion, a P/E ratio of 6.25 and a beta of 2.11. The firm has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.55.
MFA Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 14.10%. MFA Financial's payout ratio is presently 88.05%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in MFA Financial in the 3rd quarter worth $25,000. Future Financial Wealth Managment LLC purchased a new position in shares of MFA Financial in the third quarter worth about $38,000. Castleview Partners LLC bought a new stake in shares of MFA Financial in the 3rd quarter valued at about $79,000. Zacks Investment Management boosted its holdings in MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 1,281 shares during the period. Finally, Quest Partners LLC bought a new position in MFA Financial during the 3rd quarter worth approximately $189,000. Institutional investors own 65.28% of the company's stock.
MFA Financial Company Profile
(Get Free Report)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.
Featured Stories
- Five stocks we like better than MFA Financial
- What is a buyback in stocks? A comprehensive guide for investors
- Moderna Shares Spike on H5N1 News—What’s Next for Investors?
- What Are Earnings Reports?
- Nebius Group (NBIS): A Small-Cap Backed by NVIDIA
- Are Penny Stocks a Good Fit for Your Portfolio?
- Natural Gas Demand to Surge: Top 3 Stocks and ETFs to Consider
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ How this >10-cent coin is going to outperform Bitcoin (From True Market Insiders) (Ad)
Should you invest $1,000 in MFA Financial right now?
Before you consider MFA Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MFA Financial wasn't on the list.
While MFA Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
