MFA Financial (MFA) : Traders are bullish on MFA Financial (MFA) as it has outperformed the S&P 500 by a wide margin of 4.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.12% in the last 1 week, and is up 7.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MFA Financial (NYSE:MFA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.75 and $7.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.83, notching a gain of 1.29% for the day. The total traded volume was 1,672,505 . The stock had closed at $7.73 on the previous day.
The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 8.19%. MFA Financial, Inc. is up 13.76% in the last 3-month period. Year-to-Date the stock performance stands at 25.66%.
MFA Financial (MFA) stock is expected to deviate a maximum of $0.24 from the average target price of $7.19 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $7.
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).