|Bid||3.7400 x 40000|
|Ask||3.7900 x 36200|
|Day's Range||3.5600 - 3.6600|
|52 Week Range||0.3200 - 8.0900|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||0.20 (5.54%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||3.63|
MFA Financial, Inc. (NYSE: MFA) (the "Company") announced today that its Board of Directors has declared the payment of dividends on the Company's outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock").
The mortgage real estate investment trust (mREIT) sector has been a favorite of new investors this year given the extreme volatility we have seen in these stocks. For a time, the stocks appeared cheap, with oversized yields. The entire sector was thrown overboard in the spring as the coronavirus crisis triggered a massive sell-off in mortgage-backed securities.
MFA Financial (MFA) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.