MFA Financial (NYSE:MFA) Price Target Cut to $12.50 by Analysts at JMP Securities

MFA Financial (NYSE:MFA) had its price objective cut by JMP Securities from $13.50 to $12.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price would suggest a potential upside of 23.21% from the company’s current price.

MFA has been the subject of a number of other research reports. Janney Montgomery Scott assumed coverage on MFA Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $14.00 target price for the company. StockNews.com cut shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and set a $15.00 target price on shares of MFA Financial in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.80.

MFA Financial Trading Up 0.8 %

Shares of MFA traded up $0.09 during mid-day trading on Thursday, hitting $10.15. The company’s stock had a trading volume of 56,104 shares, compared to its average volume of 1,041,839. MFA Financial has a 1-year low of $9.36 and a 1-year high of $13.45. The firm has a market capitalization of $1.04 billion, a P/E ratio of 6.37 and a beta of 2.11. The firm has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $11.49.

Institutional Trading of MFA Financial

Several large investors have recently modified their holdings of MFA. Brown Brothers Harriman & Co. acquired a new stake in MFA Financial during the 3rd quarter valued at $25,000. Future Financial Wealth Managment LLC acquired a new stake in shares of MFA Financial during the third quarter valued at $38,000. Castleview Partners LLC acquired a new stake in shares of MFA Financial during the 3rd quarter worth about $79,000. Zacks Investment Management boosted its stake in shares of MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of MFA Financial in the third quarter valued at approximately $189,000. 65.28% of the stock is currently owned by institutional investors and hedge funds.

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.