Last $7.97 USD
Change Today +0.02 / 0.25%
Volume 1.4M
MFA On Other Exchanges
Symbol
Exchange
New York
As of 3:24 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

mfa financial inc (MFA) Snapshot

Open
$7.94
Previous Close
$7.95
Day High
$7.98
Day Low
$7.91
52 Week High
06/16/14 - $8.50
52 Week Low
03/27/14 - $7.55
Market Cap
3.0B
Average Volume 10 Days
2.1M
EPS TTM
$0.80
Shares Outstanding
370.4M
EX-Date
12/23/14
P/E TM
10.0x
Dividend
$0.80
Dividend Yield
10.05%
Current Stock Chart for MFA FINANCIAL INC (MFA)

mfa financial inc (MFA) Related Businessweek News

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mfa financial inc (MFA) Details

MFA Financial, Inc., a real estate investment trust (REIT), invests in residential agency and non-agency mortgage-backed securities (MBS). Its MBS are secured by hybrid mortgages, adjustable-rate mortgages, and 15-year and longer term fixed-rate mortgages, as well as by mortgages that have interest rates that reset more frequently. The company has elected to be taxed as a REIT for U.S. federal income tax purposes and would not be subject to income taxes, if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was founded in 1997 and is headquartered in New York, New York.

43 Employees
Last Reported Date: 02/12/15
Founded in 1997

mfa financial inc (MFA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.9M
President and Chief Operating Officer
Total Annual Compensation: $1.8M
Chief Financial Officer
Total Annual Compensation: $656.0K
Executive Vice President
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

mfa financial inc (MFA) Key Developments

MFA Financial, Inc. Announces First Quarter 2015 Preferred Dividend, Payable on March 31, 2015

MFA Financial, Inc. announced that in accordance with the terms of its 7.50% series B cumulative redeemable preferred stock, the Board of Directors has declared a preferred stock dividend of $0.46875 per share for the quarter ending March 31, 2015. This dividend is payable on March 31, 2015, to preferred stockholders of record as of February 27, 2015.

MFA Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

MFA Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s interest income was $111,192,000 compared to $121,049,000 a year ago. Net interest income was $72,232,000 compared to $77,622,000 year ago. Net income was $79,708,000 compared to $78,557,000 a year ago. Net income available to common stock and participating securities was $75,958,000 or $0.20 per basic and diluted share compared to $74,807,000 or $0.20 per basic and diluted share a year ago. For the year, the company’s interest income was $463,817,000 compared to $482,940,000 a year ago. Net interest income was $304,009,000 compared to $318,927,000 a year ago. Net income was $313,504,000 compared to $302,709,000 a year ago. Net income available to common stock and participating securities was $298,504,000 or $0.81 per basic and diluted share compared to $285,012,000 or $0.78 per basic and diluted share a year ago. As of December 31, 2014, book value per common share was $8.12.

MFA Financial Seeks Acquisitions

MFA Financial, Inc. (NYSE:MFA) is seeking acquisitions. Bill Gorin, Chief Executive Officer of MFA Financial said, “Now despite the low interest rate environment, we continue to identify and acquire attractive credit sensitive residential mortgage assets. We continue to utilize our expertise to identify and acquire attractive credit sensitive residential mortgage assets. We don't manage to a leverage goal. It's a question of adding asset that we think are attractive for the shareholders and if we're growing the portfolio, which we clearly did in the fourth quarter, leverage steps up. So we don't have a goal to change the leverage, we do have a goal to continue to acquire assets that we think will yield high-single digits, low double-digit ROEs. So -- and I can give goal, but you're right, the leverage did pick up and that's because we've substantially grew our assets.”

 

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Industry Analysis

MFA

Industry Average

Valuation MFA Industry Range
Price/Earnings 9.9x
Price/Sales 8.4x
Price/Book 0.9x
Price/Cash Flow 9.4x
TEV/Sales NM Not Meaningful
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