In a report issued on August 7, Stephen Laws from Raymond James maintained a Hold rating on MFA Financial (MFA). The company’s shares closed last Thursday at $3.79.
According to TipRanks.com, Laws is a 5-star analyst with an average return of 11.7% and a 68.1% success rate. Laws covers the Financial sector, focusing on stocks such as NexPoint Real Estate ate Finance, Colony Credit Real Estate, and Broadmark Realty Capital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MFA Financial with a $3.88 average price target, representing a 2.1% upside. In a report issued on August 13, RBC Capital also maintained a Hold rating on the stock with a $3.00 price target.
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Based on MFA Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $85.41 million and net profit of $87.21 million. In comparison, last year the company earned revenue of $109 million and had a net profit of $95.6 million.
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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.
