JMP Securities Issues Pessimistic Forecast for MFA Financial (NYSE:MFA) Stock Price

MFA Financial (NYSE:MFA) had its price target decreased by equities researchers at JMP Securities from $13.50 to $12.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price suggests a potential upside of 23.21% from the company’s previous close.

Several other brokerages have also commented on MFA. StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. Finally, Janney Montgomery Scott started coverage on MFA Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.80.

MFA Financial Trading Up 0.8 %

MFA traded up $0.09 during midday trading on Thursday, hitting $10.15. The company’s stock had a trading volume of 56,104 shares, compared to its average volume of 1,041,839. The firm has a market cap of $1.04 billion, a P/E ratio of 6.37 and a beta of 2.11. MFA Financial has a 52-week low of $9.36 and a 52-week high of $13.45. The firm has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $11.49.

Institutional Investors Weigh In On MFA Financial

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new position in MFA Financial in the 3rd quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new position in shares of MFA Financial during the third quarter worth $38,000. Castleview Partners LLC purchased a new position in shares of MFA Financial in the third quarter valued at $79,000. Zacks Investment Management boosted its stake in shares of MFA Financial by 12.7% in the third quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,281 shares during the period. Finally, Quest Partners LLC acquired a new stake in MFA Financial during the 3rd quarter valued at $189,000. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.