MFA Financial, Inc., through its subsidiaries, operates as a real estate investment trust (REIT) in the United States.
Very undervalued with solid track record.
Share Price & News
How has MFA Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFA's share price has been volatile over the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: MFA underperformed the US Mortgage REITs industry which returned -40.1% over the past year.
Return vs Market: MFA underperformed the US Market which returned 8.9% over the past year.
Price Volatility Vs. Market
How volatile is MFA Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StWhat Kind Of Shareholders Own MFA Financial, Inc. (NYSE:MFA)?
3 weeks ago | Simply Wall StMFA Financial, Inc. (NYSE:MFA): What Does Its Beta Value Mean For Your Portfolio?
1 month ago | Simply Wall StDid Changing Sentiment Drive MFA Financial's (NYSE:MFA) Share Price Down A Painful 81%?
Is MFA Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MFA ($2.32) is trading below our estimate of fair value ($7.79)
Significantly Below Fair Value: MFA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFA is good value based on its PE Ratio (2.9x) compared to the Mortgage REITs industry average (15.8x).
PE vs Market: MFA is good value based on its PE Ratio (2.9x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: MFA is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MFA is good value based on its PB Ratio (0.3x) compared to the US Mortgage REITs industry average (0.7x).
How is MFA Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFA's forecast earnings growth (4.3% per year) is above the savings rate (2.2%).
Earnings vs Market: MFA's earnings (4.3% per year) are forecast to grow slower than the US market (22.3% per year).
High Growth Earnings: MFA's earnings are forecast to grow, but not significantly.
Revenue vs Market: MFA's revenue is expected to decline over the next 3 years (-14.5% per year).
High Growth Revenue: MFA's revenue is forecast to decline over the next 3 years (-14.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MFA's Return on Equity is forecast to be low in 3 years time (10.8%).
How has MFA Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFA has high quality earnings.
Growing Profit Margin: MFA's current net profit margins (77.4%) are higher than last year (76.5%).
Past Earnings Growth Analysis
Earnings Trend: MFA's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: MFA's earnings growth over the past year (26.6%) exceeds its 5-year average (1.7% per year).
Earnings vs Industry: MFA earnings growth over the past year (26.6%) exceeded the Mortgage REITs industry -41.6%.
Return on Equity
High ROE: MFA's Return on Equity (11.2%) is considered low.
How is MFA Financial's financial position?
Financial Position Analysis
Short Term Liabilities: MFA's short term assets ($7.7B) exceed its short term liabilities ($151.8M).
Long Term Liabilities: MFA's short term assets ($7.7B) do not cover its long term liabilities ($10.0B).
Debt to Equity History and Analysis
Debt Level: MFA's debt to equity ratio (296.4%) is considered high.
Reducing Debt: MFA's debt to equity ratio has increased from 267.1% to 296.4% over the past 5 years.
Debt Coverage: MFA's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: Insufficient data to determine if MFA's interest payments on its debt are well covered by EBIT.
What is MFA Financial's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MFA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MFA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MFA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MFA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MFA is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MFA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Craig Knutson (60yo)
Mr. Craig L. Knutson has been the Chief Executive Officer and President of MFA Financial, Inc. since July 2017 and January 1, 2014 respectively. Mr. Knutson served as Co-Chief Executive Officer of MFA Fina ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD5.35M) is above average for companies of similar size in the US market ($USD3.11M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||9.75yrs||US$1.07m||0.029% $309.8k|
|Senior VP & Co-Chief Investment Officer||1.42yrs||US$2.19m||0.072% $752.2k|
|Senior VP & Co-Chief Investment Officer||1.42yrs||US$2.19m||0.033% $351.1k|
|Senior Vice President||no data||US$1.26m||0.077% $813.7k|
|Senior VP & Chief Accounting Officer||8.67yrs||no data||0.033% $347.1k|
|Senior VP & CTO||3.25yrs||no data||no data|
|Executive Vice President||no data||US$1.20m||0.14% $1.5m|
|Senior VP||no data||no data||0.024% $254.7k|
|Senior VP & Director of Tax||no data||no data||0.018% $194.5k|
Experienced Management: MFA's management team is considered experienced (3.1 years average tenure).
|Independent Director||18.42yrs||US$280.00k||0.018% $191.8k|
|Independent Director||0.42yr||no data||no data|
|Independent Non-Executive Chairman of the Board||6.42yrs||US$380.00k||0.027% $283.6k|
|Independent Director||10.42yrs||US$300.00k||0.023% $245.7k|
|Independent Director||16.42yrs||US$270.00k||0.021% $220.0k|
|Independent Director||5.92yrs||US$290.00k||0.0025% $26.5k|
|Independent Director||1.08yrs||US$229.29k||0.0043% $45.7k|
Experienced Board: MFA's board of directors are considered experienced (6.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MFA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MFA Financial, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MFA Financial, Inc.
- Ticker: MFA
- Exchange: NYSE
- Founded: 1997
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$1.051b
- Shares outstanding: 453.12m
- Website: https://www.mfafinancial.com
Number of Employees
- MFA Financial, Inc.
- 350 Park Avenue
- 20th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MFA||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 1998|
|M4Z||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 1998|
|MFA.PRB||NYSE (New York Stock Exchange)||PFD SER B||US||USD||Apr 2013|
|MFAB.O||OTCPK (Pink Sheets LLC)||6.50 PFD SER C||US||USD||Feb 2020|
MFA Financial, Inc., through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit impaired, and non-performing loans; and mortgage servicing rights related assets. The company has elected to be taxed as a REIT and would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 02:50|
|End of Day Share Price||2020/06/04 00:00|
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.