MFA Financial (MFA) has risen sharply, recording gains of 6.45% in the past 4 weeks. However, the stock has corrected -0.89% 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 5.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 6.04%. MFA Financial (NYSE:MFA): The stock was completely flat for the day, closing at $7.76 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $7.75, the stock touched an intraday high of $7.81 and a low of $7.74. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.76. The total trading volume on Friday was 1,103,353.
The company Insiders own 0.77% of MFA Financial shares according to the proxy statements. Institutional Investors own 84.71% of MFA Financial shares. Also, Equity Analysts at the Deutsche Bank maintains the rating on MFA Financial (NYSE:MFA). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $7.25 per share to $7.5 per share. The rating by the firm was issued on August 9, 2016.
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).