Janney Montgomery Scott Initiates Coverage on MFA Financial (NYSE:MFA)

Stock analysts at Janney Montgomery Scott started coverage on shares of MFA Financial (NYSE:MFA) in a report issued on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $14.00 price target on the real estate investment trust’s stock. Janney Montgomery Scott’s price target indicates a potential upside of 35.40% from the company’s current price.

MFA has been the subject of several other research reports. Raymond James lifted their price target on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. JMP Securities upped their target price on shares of MFA Financial from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

MFA Financial Stock Up 1.2 %

MFA Financial stock opened at $10.34 on Thursday. The stock’s 50 day moving average is $11.06 and its 200 day moving average is $11.55. The company has a market capitalization of $1.06 billion, a P/E ratio of 6.50 and a beta of 2.12. MFA Financial has a twelve month low of $9.88 and a twelve month high of $13.45.

Institutional Investors Weigh In On MFA Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in MFA Financial by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 496,843 shares of the real estate investment trust’s stock valued at $5,286,000 after purchasing an additional 40,782 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of MFA Financial by 1.5% during the 2nd quarter. Natixis Advisors LLC now owns 647,677 shares of the real estate investment trust’s stock valued at $6,891,000 after acquiring an additional 9,735 shares during the period. Rhumbline Advisers grew its stake in shares of MFA Financial by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 171,755 shares of the real estate investment trust’s stock valued at $1,827,000 after acquiring an additional 2,639 shares during the period. Victory Capital Management Inc. increased its holdings in MFA Financial by 17.9% in the 2nd quarter. Victory Capital Management Inc. now owns 98,187 shares of the real estate investment trust’s stock worth $1,045,000 after acquiring an additional 14,898 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in MFA Financial by 5.7% during the second quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,792 shares in the last quarter. 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.