|Bid||1.7800 x 800|
|Ask||1.8000 x 36200|
|Day's Range||1.6750 - 1.8500|
|52 Week Range||0.3200 - 8.0900|
|Beta (5Y Monthly)||1.52|
|PE Ratio (TTM)||2.33|
|Earnings Date||Jun 16, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||4.10|
MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that it has entered into a third Forbearance Agreement with certain counterparties to its various repurchase agreement financing arrangements and provided an update regarding dividends on its capital stock.
The mortgage real estate investment trust (REIT) space has been hammered since the beginning of the COVID-19 pandemic. MFA Financial (NYSE: MFA) is a mortgage REIT that invests mainly in non-government guaranteed mortgage-backed securities and mortgages. Forbearance means the company has been unable to meet its margin calls and has agreed with its counterparties to hold off liquidating until a specified date.
MFA Financial, Inc. (NYSE: MFA) plans to host a live audio webcast of its investor conference call on Tuesday, June 16, 2020, at 10:00 a.m. (Eastern Time) to discuss its first quarter 2020 financial results, which are scheduled to be announced earlier that day.
MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that it has entered into a second Forbearance Agreement with certain counterparties to its various repurchase agreement financing arrangements and provided additional Company updates.
Anyone researching MFA Financial, Inc. (NYSE:MFA) might want to consider the historical volatility of the share price...
While real estate is typically considered a defensive sector, real estate investment trust (REIT) values have been slammed by the lockdown of the U.S. economy to slow the spread of COVID-19. Overall, the Dow Jones Select REIT Index is down nearly approximately 28% for the year to date, almost double the 17% decline in the broad S&P 500 index. "You're seeing that the market is pricing in something approaching the Great Recession," said Burl East, whose Altegris/AACA Opportunistic Real Estate fund is the top-performing real estate fund this year and over the last three and five years, according to Morningstar data.
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the recommended purchase of MFA Financial, Inc. (NYSE:MFA) ("MFA") a Real Estate Investment Trust ("REIT"). MFA closed at 7.90 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, MFA trades at around 1.22, or nearly 85% lower than its market value on February 21, 2020. This investment may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks by their full-service brokerage firm or their financial advisor.
For investors, the challenge is trying to figure out how much value would be left in the worst-case scenario—if the vehicles liquidate.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that due to the turmoil in the financial markets resulting from the global COVID-19 virus pandemic and in order to preserve liquidity until it can more accurately assess the impact that current market conditions will have on the Company's business, the Company will revoke its previously announced first quarter 2020 quarterly cash dividends on each of the Company's common stock and 7.50% Series B Cumulative Redeemable Preferred Stock.
MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that in recent weeks, due to the turmoil in the financial markets resulting from the global pandemic of the COVID-19 virus, the Company and its subsidiaries have received an unusually high number of margin calls from financing counterparties, and have also experienced higher funding costs in respect of its repurchase agreements. At the close of business on March 23, 2020, the Company did not meet its margin calls. Further, on March 23, 2020, the Company notified its financing counterparties that it does not expect to be in a position to fund the anticipated volume of future margin calls under its financing arrangements in the near term as a result of market disruptions created by the COVID-19 pandemic. The Company estimates that, as of March 20, 2020, the Company's aggregate obligations under its various financing arrangements is approximately $9.5 billion.
MFA Financial, Inc. (NYSE:MFA) (the "Company") announced today the pricing of an underwritten public offering of 11.0 million shares of its 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $275 million before deducting the underwriting discount and other estimated offering expenses. The offering is expected to close on March 2, 2020 and is subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional 1.65 million shares of Series C Preferred Stock solely to cover over-allotments. The Company intends to apply to list the Series C Preferred Stock on the New York Stock Exchange under the symbol "MFA PrC."
MFA Financial (MFA) delivered earnings and revenue surprises of 5.00% and 15.64%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
MFA Financial's (MFA) Q4 earnings performance likely to reflect increased investments in purchased performing loans and use of additional leverage, including securitization.
MFA Financial (MFA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MFA Financial (MFA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.