MFA Financial (MFA) : Zacks Investment Research ranks MFA Financial (MFA) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 3, which indicates as a Hold.
MFA Financial (MFA) : 4 investment research analysts covering MFA Financial (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.
Company shares have received an average consensus rating of Hold for the current week
MFA Financial (NYSE:MFA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.52 and $7.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.69, notching a gain of 2.67% for the day. The total traded volume was 2,933,923 . The stock had closed at $7.49 on the previous day.
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).