MFA Financial, Inc. (NYSE:MFA) Plans Quarterly Dividend of $0.36

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.36 per share by the real estate investment trust on Wednesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.57%. This is a 2.9% increase from MFA Financial’s previous quarterly dividend of $0.35.

MFA Financial has increased its dividend payment by an average of 206.1% per year over the last three years. MFA Financial has a dividend payout ratio of 91.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

MFA Financial Trading Down 0.1 %

Shares of MFA Financial stock opened at $10.62 on Thursday. The business’s fifty day moving average price is $10.33 and its 200 day moving average price is $11.32. MFA Financial has a twelve month low of $9.36 and a twelve month high of $13.45. The stock has a market capitalization of $1.09 billion, a P/E ratio of 13.15 and a beta of 2.18.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). MFA Financial had a return on equity of 9.61% and a net margin of 16.47%. The firm had revenue of $50.80 million during the quarter, compared to analysts’ expectations of $58.06 million. As a group, sell-side analysts predict that MFA Financial will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MFA shares. Wedbush reiterated an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a research note on Thursday, November 7th. StockNews.com downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Janney Montgomery Scott initiated coverage on MFA Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $14.00 price objective on the stock. JMP Securities decreased their target price on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their target price on MFA Financial from $13.50 to $12.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.70.

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.