MFA Financial (MFA) has risen sharply, recording gains of 1.33% in the past 4 weeks. However, the stock has corrected -1.42% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.25% and the fifty day Moving Average is 2.29%. MFA Financial, Inc. is up 9.02% in the last three month period. Year-to-Date the stock performance stands at 22.29%.
MFA Financial (MFA) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $7. The average forecast of all the analysts is $7.33 and the expected standard deviation is $0.29.
MFA Financial (NYSE:MFA): On Fridays trading session , Opening price of the stock was $7.78 with an intraday high of $7.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.61. However, the stock managed to close at $7.62, a loss of 1.42% for the day. On the previous day, the stock had closed at $7.73. The total traded volume of the day was 1,763,861 shares.
MFA Financial, Inc. is a real estate investment trust (REIT). The Company is engaged in the real estate finance business.The Company, through subsidiaries, invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS and residential whole loans. The Companys business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Companys Agency MBS portfolio consists of Hybrids, 15-year fixed-rate mortgages and adjustable-rate mortgages (ARMs). The Hybrid loans have initial a fixed-rate periods at origination of three, five, seven or 10 years. 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).