MFA Financial, Inc. (NYSE:MFA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 16, 2016
Yesterday MFA Financial, Inc. (NYSE:MFA) traded 1.46% lower at $7.45. MFA Financial, Inc.’s 50-day moving average is $7.69 and its two hundred day average is $7.21. With the last stock price close up 3.40% relative to the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. Volume of trade was was up over the average, with 3,256,238 shares of MFA changing hands over the typical 1,814,020 shares..
Zacks Investment Research has downgraded MFA Financial, Inc.(NYSE:MFA) to Hold in a statement released 9/16/2016.
Previously on Tuesday September 6 2016, FBR & Co released a statement on MFA Financial, Inc.(NYSE:MFA) bumped the target price from $0.00 to $7.50 that suggested a downside of -0.04%.
In addition to Zacks Investment Research reporting it’s price target, a total of 9 brokers have reported on the stock. The one year target is $7.37 with one analyst rating the company a strong buy, two firms rating the company a buy, seven firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the stock as sell.
MFA Financial, Inc. has a PE of 9 with a one-year low of $5.61 and a one-year high of $7.86 and has a market capitalization of $0.0.
General Company Details For 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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