MFA Financial (MFA) : Traders are bullish on MFA Financial (MFA) as it has outperformed the S&P 500 by a wide margin of 0.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.4% in the last 1 week, and is up 3.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.76% and the 50-Day Moving Average is 5.05%. MFA Financial, Inc. is up 11.95% in the last 3-month period. Year-to-Date the stock performance stands at 20.68%.
MFA Financial (NYSE:MFA): On Fridays trading session , Opening price of the stock was $7.52 with an intraday high of $7.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.49. However, the stock managed to close at $7.52, a loss of 0.13% for the day. On the previous day, the stock had closed at $7.53. The total traded volume of the day was 1,735,638 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).