J.P. Morgan Reiterates a Buy Rating on MFA Financial

By Ryan Adsit

In a report released today, Richard Shane from J.P. Morgan reiterated a Buy rating on MFA Financial (NYSE: MFA), with a price target of $8. The company’s shares opened today at $7.34.

According to TipRanks.com, Shane is a 4-star analyst with an average return of 5.3% and a 66.7% success rate. Shane covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp., BlackRock Capital Investment, and Discover Financial Services.

MFA Financial has an analyst consensus of Moderate Buy, with a price target consensus of $7.75.

MFA Financial’s market cap is currently $2.71B and has a P/E ratio of 9.25. The company has a book value ratio of 0.9201.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MFA in relation to earlier this year. Most recently, in August 2015, Craig Knutson, the President & COO of MFA bought 7,500 shares for a total of $55,350.

MFA Financial, Inc. is a real estate investment trust. It engages in the business of investment, on a leveraged basis, in residential mortgage assets including Agency mortgage-backed securities (MBS), Non-Agency MBS, and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.