In the latest trading session, 1.71 million MFA Financial Inc. (NYSE:MFA) shares changed hands as the company’s beta touched 1.77. With the company’s most recent per share price at $4.57 changed hands at -$0.01 or -0.24% at last look, the market valuation stands at $2.05B. MFA’s current price is a discount, trading about -7.22% off its 52-week high of $4.90. The share price had its 52-week low at $2.56, which suggests the last value was 43.98% up since then. When we look at MFA Financial Inc.’s average trading volume, we note the 10-day average is 2.34 million shares, with the 3-month average coming to 3.31 million.
Analysts gave the MFA Financial Inc. (MFA) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended MFA as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. MFA Financial Inc.’s EPS for the current quarter is expected to be $0.11.
MFA Financial Inc. (NYSE:MFA) trade information
Instantly MFA was in red as seen in intraday trades today. With action -2.14%, the performance over the past five days has been red. The drop to weekly highs of 4.71 on Tuesday, 09/14/21 subtracted -0.24% to the stock’s daily price. The company’s shares are showing year-to-date upside of 17.74%, with the 5-day performance at -2.14% in the red. However, in the 30-day time frame, MFA Financial Inc. (NYSE:MFA) is -1.08% down. Looking at the short shares, we see there were 8.68 million shares sold at short interest cover period of 1.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.80, meaning bulls need an upside of 4.79% from its recent market value. According to analyst projections, MFA’s forecast low is $4.50 with $5.25 as the target high. To hit the forecast high, the stock’s price needs a -14.88% plunge from its current level, while the stock would need to tank 1.53% for it to hit the projected low.
MFA Financial Inc. (MFA) estimates and forecasts
Data shows that the MFA Financial Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.51% over the past 6 months, a 134.39% in annual growth rate that is considerably higher than the industry average of -2.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for MFA Financial Inc. will fall -35.30%, while the growth in revenue is estimated to hit 50.00% for the next quarter. Year-over-year growth is forecast to reach 82.40% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $41.83 million. 3 analysts are of the opinion that MFA Financial Inc.’s revenue for the quarter ending Dec 2021 will be $45.37 million. The company’s revenue for the corresponding quarters a year ago was $37.77 million and $19.43 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.70%. The estimates for the next quarter sales put growth at 133.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.70%. The 2021 estimates are for MFA Financial Inc. earnings to decrease by -297.90%.
MFA Financial Inc. is expected to release its next quarterly earnings report between November 03 and November 08. The 6.55% annual yield figure for the share gives it an annual dividend of 0.30. It is important to note, however, that the 6.55% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 12.28 per year.
MFA Financial Inc. (NYSE:MFA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.59% of MFA Financial Inc. shares while 63.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.28%. There are 63.90% institutions holding the MFA Financial Inc. stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 10.26% of the shares, roughly 45.29 million MFA shares worth $184.34 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 10.02% or 44.23 million shares worth $180.04 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Apr 29, 2021 were Fidelity Real Estate Income Fund and Vanguard Total Stock Market Index Fund. With 21.97 million shares estimated at $96.67 million under it, the former controlled 4.98% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.90% of the shares, roughly 12.81 million shares worth around $52.14 million.