Revenue Update on MFA Financial(NYSE:MFA)

MFA Financial(NYSE:MFA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $66.79M. Analysts estimated a revenue of $74.09M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.18.

MFA Financial (MFA) remained unchanged at the close of Friday session. Even as the volume increased to 11,03,353 ,the shares failed to make any impression and ended at 0 points or 0.00% at $7.76. The trading session commenced at $7.75 and the stock hit a high of $7.81 and touched $7.74 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $7.86 and the 52-week low is $5.611. The company has a market cap of $2,880 M and has approximately 37,11,11,410 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Ronald A Freydberg (Executive Vice President) purchased 20,000 shares at $6.25 per share price.Also, On Nov 10, 2015, William S Gorin (CEO) purchased 5,000 shares at $6.72 per share price.On Nov 10, 2015, Terence B Meyers (Senior Vice President) purchased 2,100 shares at $6.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Company’s 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).

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