MFA Financial (NYSE:MFA) Stock Rating Upgraded by StockNews.com

MFA Financial (NYSE:MFA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

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

MFA Financial Stock Down 0.5 %

Shares of NYSE MFA opened at $10.55 on Tuesday. The firm has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $11.02. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -131.80 and a beta of 2.15. MFA Financial has a 52 week low of $8.41 and a 52 week high of $11.90.

Institutional Investors Weigh In On MFA Financial

Hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,203 shares during the last quarter. Capital Square LLC increased its stake in MFA Financial by 3.4% in the 4th quarter. Capital Square LLC now owns 39,198 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 1,294 shares during the period. ProShare Advisors LLC increased its stake in MFA Financial by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,447 shares during the period. Quent Capital LLC increased its stake in MFA Financial by 17.7% in the 1st quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,508 shares during the period. Finally, Global Retirement Partners LLC increased its stake in MFA Financial by 6.9% in the 1st quarter. Global Retirement Partners LLC now owns 30,658 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 1,979 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.