MFA Financial (MFA) : 2 brokerage houses believe that MFA Financial (MFA) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on MFA Financial (MFA). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
MFA Financial (MFA) : 4 investment research analysts covering MFA Financial (MFA) have an average price target of $7.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.24 of the average price.
MFA Financial (NYSE:MFA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.26 and $7.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.40, notching a gain of 1.79% for the day. The total traded volume was 2,671,709 . The stock had closed at $7.27 on the previous day.
Also, Brokerage firm Wells Fargo downgrades its rating on MFA Financial (NYSE:MFA). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 11, 2016. The company shares have dropped -6.07% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $8.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.18 and the 200 Day Moving Average price is recorded at $6.81.
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).