MFA Finl Inc/SH (MFA) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Share on StockTwits

MFA Finl Inc/SH (NYSE:MFA) posted its earnings results on Tuesday. The real estate investment trust reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01, MarketWatch Earnings reports. MFA Finl Inc/SH had a net margin of 77.32% and a return on equity of 9.82%. The business had revenue of $58.55 million for the quarter, compared to the consensus estimate of $56.00 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year.

Shares of NYSE:MFA traded up $0.12 during mid-day trading on Tuesday, hitting $6.97. The company had a trading volume of 2,123,129 shares, compared to its average volume of 3,009,294. The firm has a market capitalization of $2.74 billion, a P/E ratio of 8.82 and a beta of 0.38. MFA Finl Inc/SH has a one year low of $6.72 and a one year high of $8.29.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 11.49%. MFA Finl Inc/SH’s dividend payout ratio is currently 101.27%.

Large investors have recently added to or reduced their stakes in the company. Fiduciary Financial Services of The Southwest Inc. TX bought a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $103,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $104,000. Qube Research & Technologies Ltd bought a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $114,000. Moody Aldrich Partners LLC increased its stake in shares of MFA Finl Inc/SH by 135.4% in the 3rd quarter. Moody Aldrich Partners LLC now owns 20,311 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 11,681 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of MFA Finl Inc/SH in the 3rd quarter valued at $155,000. Institutional investors own 78.42% of the company’s stock.

Several research firms recently commented on MFA. ValuEngine downgraded shares of MFA Finl Inc/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. JPMorgan Chase & Co. downgraded shares of MFA Finl Inc/SH from an “overweight” rating to a “neutral” rating in a research report on Monday, July 23rd. Zacks Investment Research downgraded shares of MFA Finl Inc/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Raymond James began coverage on shares of MFA Finl Inc/SH in a research report on Thursday, October 11th. They issued a “market perform” rating on the stock. Finally, Compass Point set a $8.00 price target on shares of MFA Finl Inc/SH and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. MFA Finl Inc/SH has a consensus rating of “Hold” and an average target price of $8.44.

COPYRIGHT VIOLATION NOTICE: “MFA Finl Inc/SH (MFA) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS” was originally published by Macon Daily and is the sole property of of Macon Daily. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://macondaily.com/2018/11/06/mfa-finl-inc-sh-mfa-issues-quarterly-earnings-results-beats-expectations-by-0-01-eps.html.

MFA Finl Inc/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

Featured Story: How to Invest in Growth Stocks

Earnings History for MFA Finl Inc/SH (NYSE:MFA)

Receive News & Ratings for MFA Finl Inc/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Finl Inc/SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply