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Tuesday, September 29, 2020

MFA Financial Inc. (NYSE:MFA) on the Path to Ruin

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The MFA Financial Inc. (MFA) shares are trading at lower $2.60 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $4.25.

To add more color to this target, the company’s high over the last year is $8.09 and the low is $0.32. Over the last 52 weeks, MFA is down -67.86% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, MFA reported a profit of $116.35 million. MFA Financial Inc. also saw revenues increase to $145.46 million. In addition, MFA has free cash flow of $7.43 million as of 03-2020. The company’s EBITDA came in at $135.2 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MFA has a short ratio of 0.88 and outstanding shares of 452.98M.

Company Outlook

MFA has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 16.92 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.43. Investors should also keep an eye on sector updates as MFA has historically followed its peers on positive news.

All told, MFA Financial Inc. MFA has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MFA represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

MFA Financial Inc. MFA is now commanding a market cap of 1.10B and a float of 450.60M. MFA is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MFA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in MFA, either long or short, and we have not been compensated for this article.

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