Raymond James Increases MFA Financial (NYSE:MFA) Price Target to $14.50

MFA Financial (NYSE:MFA) had its price objective upped by stock analysts at Raymond James from $13.00 to $14.50 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target suggests a potential upside of 11.41% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods raised their price target on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wedbush raised their price target on shares of MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, JMP Securities lifted their target price 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, MFA Financial currently has a consensus rating of “Moderate Buy” and an average target price of $13.40.

MFA Financial Stock Performance

MFA stock 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. The firm has a 50 day simple moving average of $11.88 and a 200 day simple moving average of $11.22. MFA Financial has a 52 week low of $8.41 and a 52 week high of $13.45.

Institutional Trading of MFA Financial

Several large investors have recently modified their holdings of MFA. Charles Schwab Investment Management Inc. boosted its holdings in shares of MFA Financial by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,729,687 shares of the real estate investment trust’s stock worth $19,494,000 after buying an additional 51,010 shares during the period. Jump Financial LLC boosted its holdings in shares of MFA Financial by 45.1% during the 4th quarter. Jump Financial LLC now owns 36,802 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 11,431 shares during the period. Norges Bank bought a new stake in shares of MFA Financial during the 4th quarter worth $7,910,000. Clayton Partners LLC bought a new stake in shares of MFA Financial during the 4th quarter worth $1,071,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of MFA Financial during the 4th quarter worth $25,000. 65.28% of the stock is owned by institutional investors.

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.