The stock of MFA Financial, Inc. (NYSE:MFA) hit a new 52-week high and has $8.16 target or 4.00% above today’s $7.85 share price. The 6 months bullish chart indicates low risk for the $2.93 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $8.16 price target is reached, the company will be worth $117.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 889,436 shares traded hands. MFA Financial, Inc. (NYSE:MFA) has risen 14.39% since April 25, 2016 and is uptrending. It has outperformed by 8.38% the S&P500.
Analysts await MFA Financial, Inc. (NYSE:MFA) to report earnings on February, 16. They expect $0.20 EPS, up 5.26% or $0.01 from last year’s $0.19 per share. MFA’s profit will be $74.65M for 9.81 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by MFA Financial, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
MFA Financial, Inc. (NYSE:MFA) Ratings Coverage
Out of 5 analysts covering MFA Mortgage (NYSE:MFA), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. MFA Mortgage has been the topic of 8 analyst reports since January 15, 2016 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Tuesday, September 6 by FBR Capital. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 9. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, January 18 report. The firm earned “Overweight” rating on Tuesday, January 26 by JP Morgan. Compass Point downgraded MFA Financial, Inc. (NYSE:MFA) on Wednesday, June 15 to “Sell” rating. Wells Fargo downgraded the shares of MFA in a report on Friday, January 15 to “Market Perform” rating. The rating was downgraded by Wells Fargo to “Underperform” on Monday, April 11.
According to Zacks Investment Research, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments.”
Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.18, from 1.34 in 2016Q1. The ratio improved, as 23 funds sold all MFA Financial, Inc. shares owned while 60 reduced positions. 22 funds bought stakes while 89 increased positions. They now own 306.03 million shares or 0.45% less from 307.41 million shares in 2016Q1.
Baldwin Brothers Inc Ma owns 100 shares or 0% of their US portfolio. Focused Wealth Mgmt Inc holds 0% or 500 shares in its portfolio. The Texas-based Utd Automobile Association has invested 0.01% in MFA Financial, Inc. (NYSE:MFA). Aperio Grp Ltd Limited Liability Company last reported 6.34M shares in the company. Envestnet Asset Mngmt Inc reported 3,256 shares or 0% of all its holdings. M&T National Bank & Trust has 0% invested in the company for 27,899 shares. Moreover, Jennison Assoc Ltd has 0.22% invested in MFA Financial, Inc. (NYSE:MFA) for 27.15M shares. The New Jersey-based Highlander Cap has invested 0.17% in MFA Financial, Inc. (NYSE:MFA). The Texas-based Kanaly Tru Co has invested 0% in MFA Financial, Inc. (NYSE:MFA). State Of Wisconsin Inv Board last reported 0.01% of its portfolio in the stock. Invesco has invested 0% of its portfolio in MFA Financial, Inc. (NYSE:MFA). Swiss Bank & Trust has 620,300 shares for 0.01% of their US portfolio. Century Capital Mgmt Limited Liability Corp holds 139,587 shares or 0.11% of its portfolio. Fifth Third Natl Bank last reported 0% of its portfolio in the stock. Blackrock Group has 299,262 shares for 0% of their US portfolio.
MFA Company Profile
MFA Financial, Inc., incorporated on July 24, 1997, is a real estate investment trust (REIT). The Firm operates as a holding firm and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. The Firm invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities. The Company’s business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. It selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return.
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