MFA Financial (NYSE:MFA) : 4 investment research analysts covering MFA Financial (NYSE:MFA) have an average price target of $7.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.24 of the average price.
Other Equity analysts have also commented 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.
MFA Financial (NYSE:MFA): The stock was completely flat for the day, closing at $7.18 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $7.23, the stock touched an intraday high of $7.23 and a low of $7.15. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.18. The total trading volume on Thursday was 2,035,925.
The company shares have dropped -5.28% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $7.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.16 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.
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).