MFA Financial (MFA) Set to Announce Quarterly Earnings on Thursday

MFA Financial (NYSE:MFA) is set to announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MFA Financial Trading Up 2.5 %

NYSE MFA opened at $10.72 on Wednesday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -133.92 and a beta of 2.15. The company has a 50 day moving average of $10.90 and a 200-day moving average of $10.95. MFA Financial has a 1-year low of $8.41 and a 1-year high of $11.90.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.35 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.40 annualized dividend and a yield of 13.07%. MFA Financial’s dividend payout ratio is presently -1,749.78%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $12.50 target price on shares of MFA Financial in a report on Friday, May 31st. StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, MFA Financial currently has an average rating of “Moderate Buy” and an average target price of $12.00.

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.