MFA Financial (NYSE: MFA – Get an Assessment) was downgraded by StockNews.com investment analysts from a “hold” rating to a “sell” rating in a research note released Monday to investors.
Several other equity research analysts have also recently commented on the company. JMP Securities lowered its price target on MFA Financial from $18.00 to $15.00 and set a “market outperformance” rating for the company in a Tuesday, June 14 research note. Credit Suisse Group lowered its price target on MFA Financial to $15.00 in a Friday, July 22 research report. Keefe, Bruyette & Woods upgraded MFA Financial from an “outperforming” rating to a “market performing” rating and set a price target of $12.75 for the stock. in a research report on Monday, July 18. Finally, TheStreet upgraded MFA Financial from a “c-” rating to a “d+” rating in a Friday July 1 report. One equity research analyst has assigned the stock a sell rating, two have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.94.
MFA Financial Trading up 0.4%
NYSE: MFA rose $0.05 on Monday, hitting $12.07. 1,545,225 shares of the company were traded, compared to its average volume of 1,454,873. MFA Financial has a 1-year low of $9.72 and a 1-year high of $19.40. The company has a 50-day moving average price of $11.84 and a 200-day moving average price of $14.35. The company has a market capitalization of $1.24 billion, a PE ratio of -23.21 and a beta of 1.67.
Insider Activity at MFA Financial
Separately, Vice Chairman Mei Lin sold 4,057 shares of the company in a transaction dated Friday, May 27. The stock was sold at an average price of $13.48, for a total value of $54,688.36. Following the transaction, the vice president now owns 2,775 shares of the company, valued at $37,407. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. 0.63% of the shares are held by insiders of the company.
Hedge funds weigh on MFA Financial
Several hedge funds have recently increased or reduced their holdings in MFA. Mirae Asset Global Investments Co. Ltd. acquired a new position in MFA Financial in the first quarter valued at approximately $11,722,000. Renaissance Technologies LLC increased its stake in MFA Financial by 356.0% in the first quarter. Renaissance Technologies LLC now owns 2,722,041 shares of the real estate investment trust valued at $10,970,000 after purchasing an additional 2,125,041 shares during the period. The Healthcare of Ontario Pension Plan Trust Fund acquired a new position in MFA Financial in the first quarter, valued at approximately $7,686,000. First Trust Advisors LP increased its stake in MFA Financial by 113.6% in the first quarter. First Trust Advisors LP now owns 2,127,278 shares of the real estate investment trust valued at $8,573,000 after purchasing an additional 1,131,300 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in MFA Financial in the fourth quarter, valued at approximately $3,871,000.
MFA Financial Company Profile
(Get a rating)
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The Company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS and credit risk transfer securities; entire residential loans, including purchased performing loans, deteriorated purchased loans and non-performing loans; and mortgage servicing rights assets.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider MFA Financial, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and MFA Financial wasn’t on the list.
Although MFA Financial currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here