Research analysts at Deutsche Bank increased their target price on shares of MFA Financial (NYSE: MFA) from $9.25 to $9.50 in a report released on Tuesday. The firm currently has a “hold” rating on the stock.
MFA Financial opened at 9.18 on Tuesday. MFA Financial has a 52-week low of $7.01 and a 52-week high of $9.24. The stock’s 50-day moving average is currently $8.93. The company has a market cap of $3.282 billion and a price-to-earnings ratio of 10.67.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research note to investors on Monday, February 4th. They now have a $10.00 price target on the stock, up previously from $9.00. Separately, analysts at Zacks downgraded shares of MFA Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 22nd. They now have a $8.50 price target on the stock. Finally, analysts at Wells Fargo upgraded shares of MFA Financial to an “outperform” rating in a research note to investors on Thursday, December 6th.
Five investment analysts have rated the stock with a buy rating, and five have issued a hold rating to the company’s stock. MFA Financial presently has a consensus rating of “overweight” and a consensus price target of $9.14.
The company also recently declared a special dividend, which is scheduled for Wednesday, April 10th. Investors of record on Friday, March 15th will be given a dividend of $0.50 per share. This represents a yield of 8.71%. The ex-dividend date of this dividend is Wednesday, March 13th.
MFA Financial, Inc., formerly MFA Mortgage Investments, Inc. is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential Agency and Non-Agency adjustable-rate mortgage-mortgage-backed securities (ARM-MBS).
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