MFA Financial (NYSE:MFA) should head towards $7.25 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $7 per share. The higher price estimate target is at $8 according to the Analysts.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Wells Fargo downgrades the rating on MFA Financial (NYSE:MFA). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on April 11, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, Freydberg Ronald A, officer (Executive Vice President) of Mfa Financial, Inc., executed a transaction worth $125,000 on December 15, 2015. A total of 20,000 shares were purchased at an average price of $6.25. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
MFA Financial (NYSE:MFA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.54% at $7.31 with 1,105,201 shares getting traded. Post opening the session at $7.36, the shares hit an intraday low of $7.31 and an intraday high of $7.365 and the price was in this range throughout the day. The company has a market cap of $2,713 million and the number of outstanding shares have been calculated to be 371,072,640 shares. The 52-week high of MFA Financial (NYSE:MFA) is $7.98 and the 52-week low is $5.611.
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).