Zacks Investment Research downgraded MFA Financial, Inc. (NYSE:MFA) to Hold in a statement released earlier today.
- Updated: November 29, 2016
Yesterday MFA Financial, Inc. (NYSE:MFA) traded 0.13% higher at $7.85. MFA Financial, Inc.’s 50-day average is $7.39 and its two hundred day average is $7.42. The last close is up 5.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 2,573,923 shares of MFA changing hands over the typical 1,828,050
Zacks Investment Research has downgraded MFA Financial, Inc. (NYSE:MFA) to Hold in a report released on Wednesday November 30, 2016.
MFA Financial, Inc. has a 52 week low of $5.61 and a 52 week high of $7.96 with a P/E ratio of 9.86 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $7.37 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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, 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).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.