MFA Financial (NYSE:MFA) Releases Earnings Results, Misses Expectations By $0.02 EPS

MFA Financial (NYSE:MFA) released its earnings results on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02), Zacks reports. MFA Financial had a return on equity of 9.97% and a net margin of 28.38%. The firm had revenue of $50.80 million for the quarter, compared to analyst estimates of $58.06 million.

MFA Financial Stock Performance

MFA Financial stock traded down $0.04 during trading on Thursday, reaching $10.29. The company had a trading volume of 87,204 shares, compared to its average volume of 1,024,669. The firm’s 50-day simple moving average is $10.35 and its 200 day simple moving average is $11.38. MFA Financial has a 1-year low of $9.36 and a 1-year high of $13.45. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.46 and a beta of 2.11.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.35 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 13.61%. MFA Financial’s dividend payout ratio is currently 88.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MFA shares. StockNews.com downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods dropped their price objective on shares of MFA Financial from $13.50 to $12.50 and set an “outperform” rating on the stock in a research note on Thursday. Janney Montgomery Scott began coverage on shares of MFA Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $14.00 price objective on the stock. JMP Securities dropped their price objective on shares of MFA Financial from $13.50 to $12.50 and set a “market outperform” rating on the stock in a research note on Thursday, January 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, MFA Financial has a consensus rating of “Moderate Buy” and a consensus target price of $13.70.

About MFA Financial

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.