MFA Financial (MFA) : Traders are bullish on MFA Financial (MFA) as it has outperformed the S&P 500 by a margin of 0.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.12%, 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 2.74% in the last 1 week, and is up 7.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MFA Financial (NYSE:MFA): The stock was completely flat for the day, closing at $7.49 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $7.48, the stock touched an intraday high of $7.54 and a low of $7.48. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.49. The total trading volume on Friday was 1,486,600.
The stock has recorded a 20-day Moving Average of 2.94% and the 50-Day Moving Average is 5.51%. MFA Financial, Inc. is up 14.48% in the last 3-month period. Year-to-Date the stock performance stands at 20.2%.
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).