MFA Financial, Inc. (MFA) To Go Ex-Dividend on December 31st

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Wednesday, December 11th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.35 per share by the real estate investment trust on Friday, January 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.97%. The ex-dividend date is Tuesday, December 31st.

MFA Financial has increased its dividend payment by an average of 8.4% annually over the last three years. MFA Financial has a payout ratio of 85.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect MFA Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 96.6%.

MFA Financial Trading Down 1.1 %

Shares of NYSE MFA opened at $10.80 on Friday. MFA Financial has a 12 month low of $10.20 and a 12 month high of $13.45. The firm has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $11.57. The firm has a market capitalization of $1.10 billion, a PE ratio of 6.79 and a beta of 2.11.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JMP Securities raised their price target on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Friday, September 6th. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James boosted their price target on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

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.