MFA Financial (MFA) Releases Earnings Results, Beats Expectations By $0.02 EPS

MFA Financial (MFA) reported quarterly earnings results on Wednesday, Aug-3-2016. 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. The company posted revenue of $66.80 million in the period, compared to analysts expectations of $73.44 million. The company’s revenue was down -17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on MFA Financial. Compass Point Downgraded MFA Financial on Jun 15, 2016 to ” Sell”, Price Target of the shares are set at $7.

MFA Financial closed down -0.1 points or -1.32% at $7.49 with 11,39,865 shares getting traded on Tusday. Post opening the session at $7.6, the shares hit an intraday low of $7.46 and an intraday high of $7.6 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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).

MFA Financial

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