Wells Fargo Downgrades MFA Financial to Underperform

Brokerage firm Wells Fargo Downgrades its rating on MFA Financial(NYSE:MFA). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Wells Fargo was issued on Apr 11, 2016.

In a different note, On Feb 19, 2016, Deutsche Bank said it Maintains its rating on MFA Financial. In the research note, the firm Lowers the price-target to $7.75 per share. The shares have been rated ‘Hold’ by the firm. On Jan 26, 2016, JP Morgan said it Upgrades its rating on MFA Financial. The shares have been rated ‘Overweight’ by the firm. On Jan 15, 2016, Wells Fargo said it Downgrades its rating on MFA Financial. The shares have been rated ‘Market Perform’ by the firm.

MFA Financial (MFA) made into the market gainers list on Fridays trading session with the shares advancing 0.15% or 0.01 points. Due to strong positive momentum, the stock ended at $6.78, which is also near the day’s high of $6.83. The stock began the session at $6.77 and the volume stood at 12,33,214 shares. The 52-week high of the shares is $8.04 and the 52 week low is $5.611. The company has a current market capitalization of $2,516 M and it has 37,10,76,240 shares in outstanding.

MFA Financial(MFA) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $72.04M. Analysts had an estimated revenue of $78.59M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2015, Ronald A Freydberg (Executive Vice President) purchased 20,000 shares at $6.25 per share price.Also, 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).

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