MFA Financial (MFA) is Downgraded by Compass Point to Sell, Price Target at $7

MFA Financial (MFA) was Downgraded by Compass Point to ” Sell” and the brokerage firm has set the Price Target at $7. Earlier the firm had a rating of “Neutral ” on the company shares. Compass Point advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on MFA Financial. MFA Financial was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.

On the company’s financial health, MFA Financial reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.18.Analysts expectations of $ 76.75.During the same quarter in the previous year, the company posted $0.21 EPS.

MFA Financial closed down -0.03 points or -0.41% at $7.28 with 18,67,034 shares getting traded on Tuesday. Post opening the session at $7.3, the shares hit an intraday low of $7.27 and an intraday high of $7.34 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Dec 16, 2015, Ronald A Freydberg (Executive Vice President) purchased 20,000 shares at $6.25 per share price. According to the SEC, 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).

MFA Financial

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MFA Financial - Is it time to Sell?

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