MFA Financial (MFA) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on MFA Financial. MFA Financial was Upgraded by JP Morgan to ” Overweight” on Jan 26, 2016. MFA Financial was Downgraded by Wells Fargo to ” Market Perform” on Jan 15, 2016.
On the company’s financial health, MFA Financial reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.18.Analysts expectations of $ 78.57.During the same quarter in the previous year, the company posted $0.20 EPS.
MFA Financial opened for trading at $6.83 and hit $6.92 on the upside on Monday, eventually ending the session at $6.9, with a gain of 0.58% or 0.04 points. The heightened volatility saw the trading volume jump to 18,30,452 shares. Company has a market cap of $2,560 M.
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).