Deutsche Bank Maintains MFA Financial to Hold with Price Target $7.50

Brokerage firm Deutsche Bank Maintains its rating on MFA Financial(NYSE:MFA). In a research note issued to the investors, the brokerage major Raises the price-target to $7.50 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 9, 2016.

MFA Financial (MFA) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.52% at a volume of 30,72,302. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.7. The peak price level was also seen at $7.7 while the days lowest was $7.55. Finally the shares closed at $7.64. The 52-week high of the shares is $7.86 while the 52-week low is $5.611. According to the latest information available, the market cap of the company is $2,835 M.

MFA Financial(MFA) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $66.79M. Analysts had an estimated revenue of $74.09M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Ronald A Freydberg (Executive Vice President) purchased 20,000 shares at $6.25 per share price.Also, On Nov 10, 2015, William S Gorin (CEO) purchased 5,000 shares at $6.72 per share price.On Nov 10, 2015, Terence B Meyers (Senior Vice President) purchased 2,100 shares at $6.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Company’s 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).

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