MFA Financial (NYSE:MFA) has tumbled 1.09% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.71% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.1% and the outperformance has advanced to 2.76% for the last 4 weeks period.
MFA Financial (NYSE:MFA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.29 and $7.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.27, notching a gain of 0.28% for the day. The total traded volume was 2,387,477 . The stock had closed at $7.25 on the previous day.
The company shares have dropped -8.32% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $7.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.13 and the 200 Day Moving Average price is recorded at $6.78.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Executive Vice President) of Mfa Financial, Inc., Freydberg Ronald A had purchased shares worth of $125,000 in a transaction dated on December 15, 2015. A total of 20,000 shares were purchased at a price of $6.25 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Wells Fargo, downgrades their rating on the shares of MFA Financial (NYSE:MFA). Wells Fargo has a Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 11, 2016. Currently the company Insiders own 0.77% of MFA Financial shares according to the proxy statements. Institutional Investors own 84.87% of MFA Financial shares.
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).