MFA Financial (NYSE:MFA) Releases Earnings Results, Misses Expectations By $0.02 EPS

MFA Financial (NYSE:MFA) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02), Zacks reports. MFA Financial had a return on equity of 9.97% and a net margin of 28.38%.

MFA Financial Stock Down 0.3 %

Shares of NYSE MFA traded down $0.03 during trading on Wednesday, reaching $10.27. 367,719 shares of the stock were exchanged, compared to its average volume of 983,927. The business’s 50-day moving average price is $10.37 and its 200 day moving average price is $11.40. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.47 and a beta of 2.11. MFA Financial has a twelve month low of $9.36 and a twelve month high of $13.45.

MFA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.64%. MFA Financial’s payout ratio is currently 88.05%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JMP Securities lowered their target price on shares of MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a report on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.80.

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.