MFA Financial (NYSE:MFA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 6 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Wells Fargo, downgrades their rating on the shares of MFA Financial (NYSE:MFA). Wells Fargo has a Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 11, 2016.
MFA Financial (NYSE:MFA) stock has received a short term price target of $ 7.19 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $0.24. The higher estimate of target price is $8 , while the lower price target estimate is $7
MFA Financial (NYSE:MFA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.96% or 0.07 points. After the session commenced at $7.27, the stock reached the higher end at $7.28 while it hit a low of $7.19. With the volume soaring to 1,640,825 shares, the last trade was called at $7.19. The company has a 52-week high of $7.98. The company has a market cap of $2,668 million and there are 371,072,640 shares in outstanding. The 52-week low of the share price is $5.611.
MFA Financial, Inc. has dropped 1.24% in the last five trading days, however, the shares have posted positive gains of 2.57% in the last 4 weeks. MFA Financial, Inc. is up 6.68% in the last 3-month period. Year-to-Date the stock performance stands at 12.17%.
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).