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MFA Financial NYSE:MFA Stock Report

Last Price

US$10.29

Market Cap

US$1.1b

7D

-5.7%

1Y

-11.0%

Updated

18 Dec, 2024

Data

Company Financials +

MFA Financial, Inc.

NYSE:MFA Stock Report

Market Cap: US$1.1b

MFA Stock Overview

Operates as a real estate investment trust in the United States. More details

MFA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

Rewards

Price-To-Earnings ratio (6.2x) is below the US market (18.2x)

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 3.3% per year for the next 3 years

Dividend of 13.61% is not well covered by free cash flows


My Notes

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WA
Analyst Price Target
Consensus Narrative from 7 Analysts

Federal Reserve's Easing May Lower Borrowing Costs But Economic Uncertainty Will Challenge Margins

Key Takeaways Easing monetary policy could reduce MFA Financial's borrowing costs and improve net margins through lower interest expenses. Strategic restructuring and diversification strategies, including new securitization deals and sales, are poised to enhance revenue and operational efficiency.
View narrative
US$15.79
FV
34.8% undervalued intrinsic discount
-10.25%
Revenue growth p.a.
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Updated narrative

MFA Financial, Inc. Competitors

Franklin BSP Realty Trust

NYSE:FBRT

US$1.1b

PennyMac Mortgage Investment Trust

NYSE:PMT

US$1.2b

ARMOUR Residential REIT

NYSE:ARR

US$1.1b

Ladder Capital

NYSE:LADR

US$1.5b

Price History & Performance

Summary of share price highs, lows and changes for MFA Financial
Historical stock prices
Current Share PriceUS$10.29
52 Week HighUS$13.45
52 Week LowUS$10.20
Beta2.16
1 Month Change-7.13%
3 Month Change-21.87%
1 Year Change-10.99%
3 Year Change-44.56%
5 Year Change-67.31%
Change since IPO-71.81%

Recent News & Updates

Recent updates

MFA Financial: Gaining Strength After Rate Cuts

Oct 14

MFA Financial Issues Second Note Due In 2029

Jun 14

MFA Financial: High Yield But Risk Of Cut Looms

May 28

MFA PFDs Revisited: FOMC Has Changed The Outlook (Rating Upgrade)

Dec 26

MFA Financial: Not Yet A Buy, Wait For Bullish Indicators

Nov 22

MFA Financial: A High-Yielding Mortgage REIT Started Generating Decent Price Growth

Aug 27

MFA Financial Q4 2022 Earnings Preview

Feb 22

MFA Financial: Don't Chase Yield After A 20% Dividend Cut

Feb 08

Consider MFA Financial Convertible Notes Yielding 12.7%

Jan 10

MFA Financial decrease dividend by -20.5% to $0.35/share

Dec 14

MFA Financial: Buy This REIT For Solid Dividend Yield

Dec 06

MFA Financial Non-GAAP EPS of $0.28 misses by $0.07, Net interest income of $52.29M misses by $0.61M

Nov 03

MFA Financial stock climbs 5% aftermarket on preliminary estimates for Q3

Oct 17

MFA Financial declares $0.44 dividend

Sep 13

MFA Financial: Strong Yield But Negative Total Return

Aug 16

MFA Financial: The Reverse Stock Split Makes Investors Wary

May 19

MFA Financial: Buy The Dip

Feb 25

MFA Financial: Exceptional Dividend With A Diversified Loan Portfolio

Feb 16

MFA Financial reports Q1 results

May 06

Shareholder Returns

MFAUS Mortgage REITsUS Market
7D-5.7%-5.0%-4.0%
1Y-11.0%-12.5%24.0%

Return vs Industry: MFA exceeded the US Mortgage REITs industry which returned -12.5% over the past year.

Return vs Market: MFA underperformed the US Market which returned 24% over the past year.

Price Volatility

Is MFA's price volatile compared to industry and market?
MFA volatility
MFA Average Weekly Movement3.4%
Mortgage REITs Industry Average Movement3.4%
Market Average Movement6.4%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: MFA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MFA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997377Craig Knutsonwww.mfafinancial.com

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. The company was incorporated in 1997 and is based in New York, New York.

MFA Financial, Inc. Fundamentals Summary

How do MFA Financial's earnings and revenue compare to its market cap?
MFA fundamental statistics
Market capUS$1.10b
Earnings (TTM)US$169.85m
Revenue (TTM)US$366.19m

6.2x

P/E Ratio

2.9x

P/S Ratio

Is MFA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MFA income statement (TTM)
RevenueUS$366.19m
Cost of RevenueUS$32.27m
Gross ProfitUS$333.92m
Other ExpensesUS$164.07m
EarningsUS$169.85m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.66
Gross Margin91.19%
Net Profit Margin46.38%
Debt/Equity Ratio474.5%

How did MFA perform over the long term?

See historical performance and comparison

Dividends

13.6%

Current Dividend Yield

85%

Payout Ratio

Does MFA pay a reliable dividends?

See MFA dividend history and benchmarks
When do you need to buy MFA by to receive an upcoming dividend?
MFA Financial dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 31 2025
Days until Ex dividend12 days
Days until Dividend pay date43 days

Does MFA pay a reliable dividends?

See MFA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 01:18
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MFA Financial, Inc. is covered by 25 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jessica Levi-RibnerB. Riley Securities, Inc.
Eric HagenBTIG
Michael DianaCantor Fitzgerald & Co.