MFA Financial (MFA) has risen sharply, recording gains of 0.28% in the past 4 weeks. However, the stock has corrected -0.14% in the past 1 week, providing a good buying opportunity on dips. MFA Financial (MFA) : During the past 4 weeks, traders have been relatively bearish on MFA Financial (MFA), hence the stock is down -3.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.61% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 3.53%.
MFA Financial (NYSE:MFA): The stock opened at $7.34 on Friday but the bulls could not build on the opening and the stock topped out at $7.37 for the day. The stock traded down to $7.28 during the day, due to lack of any buying support eventually closed down at $7.29 with a loss of -0.68% for the day. The stock had closed at $7.34 on the previous day. The total traded volume was 1,583,915 shares.
The company Insiders own 0.77% of MFA Financial shares according to the proxy statements. Institutional Investors own 84.85% of MFA Financial shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Mfa Financial, Inc., Freydberg Ronald A, had purchased 20,000 shares in a transaction dated on December 15, 2015. The transaction was executed at $6.25 per share with total amount equaling $125,000.
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 Companys business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Companys 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).