MFA Financial (MFA) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.18. Analysts expectations of $76.75 million. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on MFA Financial. MFA Financial was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
MFA Financial (MFA) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.92 and reached the intraday high at $6.95. The bulls started the profit booking and pushed the shares to intraday low of $6.86. The trading session was marked by a volume range of 16,90,746 shares exchanging hands. The 52-week high of the shares is $8 and the 52-week low is $5.611. The market cap of the company stands at $2,564 M and there are 37,10,76,240 shares in public circulation.
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).