A report released today by Zacks Investment Research about MFA Financial, Inc. (NYSE:MFA) bumps the target price to $8.50
- Updated: September 19, 2016
Reporting a possible upside of 0.13%, Zacks Investment Research raised the estimated target of MFA Financial, Inc. (NYSE:MFA) to $9.
Having a price of $7.55, MFA Financial, Inc. (NYSE:MFA) traded 1.34% higher on the day. The last stock price is up 4.56% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. MFA has recorded a 50-day average of $7.68 and 200-day average of $7.22. Trade volume was was down over the average, with 1,346,376 shares of MFA changing hands under the typical 1,827,080 shares.
Recent Performance Graph:
MFA Financial, Inc. has a 52 week low of $5.61 and a 52 week high of $7.86 with a P/E ratio of 10. MFA’s market capitalization is currently $0.0.
A total of 9 analysts have issued a research note on MFA. One firm rate the stock a strong buy, two analysts rate the company a buy, seven analyts rate the company a hold, 0 rate the stock to underperform, and finally 0 brokeragesrate the stock as sell with an average target of $7.37
More About MFA Financial, Inc. (NYSE:MFA)
MFA Financial, Inc. is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities. Its 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. Its Agency MBS portfolio consists of Hybrids, and 15-year fixed-rate mortgages and adjustable-rate mortgages. The Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and MBS collateralized by re-performing and non-performing loans (RPL/NPL MBS).
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