With 1.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $11.7308 whereas the lowest price it dropped to was $11.46. The 52-week range on MFA shows that it touched its highest point at $13.45 and its lowest point at $9.44 during that stretch. It currently has a 1-year price target of $13.58. With its current market cap of 1.18 billion, MFA has annualized dividend of $1.40 while the current yield stands at 12.12%. Beta for the stock currently stands at 2.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MFA was down-trending over the past week, with a drop of -6.02%, but this was down by -5.56% over a month. Three-month performance dropped to -0.86% while six-month performance rose 6.94%. The stock gained 18.34% in the past year, while it has gained 2.48% so far this year. A look at the trailing 12-month EPS for MFA yields 1.60 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.40. This implies an EPS growth rate of -0.30% for this year and 3.90% for next year.
Float and Shares Shorts:
At present, 101.92 million MFA shares are outstanding with a float of 101.27 million shares on hand for trading. On 2024-10-15, short shares totaled 1.77 million, which was 173.0 higher than short shares on 1726185600. In addition to Mr. Craig L. Knutson as the firm’s CEO & Director, Mr. Bryan Wulfsohn CFA serves as its President & Co-Chief Investment Officer.
Institutional Ownership:
Through their ownership of 0.65347 of MFA’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MFA since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MFA analysts setting a high price target of 15.0 and a low target of 12.0, the average target price over the next 12 months is 13.58. Based on these targets, MFA could surge 29.87% to reach the target high and rise by 3.9% to reach the target low. Reaching the average price target will result in a growth of 17.58% from current levels.
Analysts have provided yearly estimates in a range of $1.79835 being high and $1.46462 being low. For MFA, this leads to a yearly average estimate of $1.61159. The surprise factor in the prior quarter was $0.37. Based on analyst estimates, the high estimate for the next quarter is $0.41 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.4.
