MFA Financial (NYSE:MFA) Shares Gap Down to $10.87

Shares of MFA Financial, Inc. (NYSE:MFA) gapped down prior to trading on Friday . The stock had previously closed at $10.87, but opened at $10.61. MFA Financial shares last traded at $10.69, with a volume of 112,721 shares.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.50 target price on shares of MFA Financial in a report on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

MFA Financial Price Performance

The stock has a market cap of $1.09 billion, a P/E ratio of -135.92 and a beta of 2.12. The company has a fifty day moving average price of $10.75 and a 200 day moving average price of $11.05.

MFA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.40 annualized dividend and a dividend yield of 13.16%. MFA Financial’s payout ratio is -1,749.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new position in MFA Financial in the fourth quarter worth $25,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of MFA Financial by 82.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,203 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of MFA Financial in the first quarter valued at $34,000. Carmichael Hill & Associates Inc. raised its stake in shares of MFA Financial by 47.0% in the fourth quarter. Carmichael Hill & Associates Inc. now owns 6,816 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 2,180 shares during the period. Finally, Quent Capital LLC raised its stake in shares of MFA Financial by 17.7% in the first quarter. Quent Capital LLC now owns 10,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,509 shares during the period. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.