MFA Financial (NYSE:MFA) Given Outperform Rating at Wedbush

MFA Financial (NYSE:MFA)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research note issued to investors on Thursday, RTT News reports. They presently have a $15.00 target price on the real estate investment trust’s stock. Wedbush’s target price points to a potential upside of 30.43% from the company’s current price.

A number of other research firms have also recently commented on MFA. Keefe, Bruyette & Woods increased their target price on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Raymond James boosted their price objective on shares of MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, JMP Securities increased their target price on shares of MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Friday, September 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.60.

MFA Financial Price Performance

Shares of NYSE:MFA traded up $0.07 on Thursday, hitting $11.50. The company’s stock had a trading volume of 574,110 shares, compared to its average volume of 735,409. The company has a 50-day simple moving average of $12.47 and a 200 day simple moving average of $11.52. The company has a market capitalization of $1.17 billion, a PE ratio of 19.93 and a beta of 2.16. MFA Financial has a 1 year low of $9.48 and a 1 year high of $13.45.

Institutional Investors Weigh In On MFA Financial

A number of large investors have recently made changes to their positions in MFA. Capital Square LLC boosted its holdings in MFA Financial by 2.8% in the second quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock valued at $479,000 after acquiring an additional 1,139 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of MFA Financial by 82.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,203 shares in the last quarter. ProShare Advisors LLC increased its position in shares of MFA Financial by 8.5% during the first quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,447 shares during the period. Quent Capital LLC raised its stake in MFA Financial by 17.7% in the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,508 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in MFA Financial by 5.7% in the second quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,792 shares during the period. 65.28% of the stock is currently owned by institutional investors.

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.