Citigroup Inc. Buys 1,096,443 Shares of MFA Financial, Inc. $MFA
Citigroup Inc. significantly increased its stake in MFA Financial, Inc. by 440.1% in the third quarter of last year, acquiring over a million additional shares. This brought Citigroup's total holding in the real estate investment trust to 1,345,561 shares, valued at approximately $12.37 million. MFA Financial, which specializes in residential mortgage loans and securities, offers a substantial 14.2% annualized dividend yield, though its payout ratio of 111.63% raises concerns about its sustainability.
FEB 20·GuruFocus→
MFA: Keefe, Bruyette & Woods Raises Price Target to $11.00 on Market Perform Rating | MFA Stock News
Keefe, Bruyette & Woods analyst Bose George has increased the price target for MFA Financial (MFA) from $10.00 to $11.00, while maintaining a "Market Perform" rating. This adjustment comes amidst a series of diverse analyst ratings over recent months for the specialty finance company, which invests in residential mortgage assets. The average target price from four analysts is $10.69, suggesting a 6.34% upside from MFA's current price of $10.05.
FEB 18·marketscreener.com▼
Earnings Flash (MFA) MFA Financial, Inc. Reports Q4 Net Interest Income $55.5M, vs. FactSet Est of $64.3M
MFA Financial, Inc. reported its Q4 net interest income at $55.5 million, falling short of FactSet's estimate of $64.3 million. The company's Q4 non-GAAP earnings also fell, despite a rise in net interest income. MFA Financial is a specialized REIT investing in residential mortgage loans and securities.
