In a report released on September 29, Eric Hagen from BTIG maintained a Hold rating on MFA Financial (MFA – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $7.78.
According to TipRanks, Hagen is an analyst with an average return of -10.2% and a 25.77% success rate. Hagen covers the Financial sector, focusing on stocks such as Ocwen Financial, Redwood, and Rithm Capital.
Currently, the analyst consensus on MFA Financial is a Hold with an average price target of $14.56.
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Based on MFA Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $100.37 million. In comparison, last year the company earned a revenue of $74.62 million and had a net profit of $66.71 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MFA in relation to earlier this year.
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MFA Financial, Inc. operates as a real estate investment trust, which engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, non-agency mortgage-backed securities, and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.
Read More on MFA:
- MFA Financial, Inc. Announces Dividend of $0.44 per Share
- Seeking at Least 13% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
- MFA Financial, Inc. Announces Third Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock
- MFA Financial, Inc. Announces Second Quarter 2022 Financial Results
