MFA Financial Inc. (NYSE:MFA) traded today at a new 52-week high of $4.46. So far today approximately 560,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.
In the past 52 weeks, shares of MFA Financial Inc. have traded between a low of $1.33 and a high of $4.46 and is now at $4.43, which is 233% above that low price.
MFA Financial Inc. (NYSE:MFA) is currently priced 3.7% above its average consensus analyst price target of $4.27.
MFA Financial Inc is a holding company for its subsidiaries in the real estate finance business that invest in a portfolio of residential mortgage assets on a leveraged basis. This portfolio is primarily comprised of government-sponsored agency mortgage-backed securities, or MBS, non-agency MBS, residential mortgage loans, and credit risk transfers, or CRT, that divert risk from residential mortgages securitized by government-sponsored enterprises. Together, MBS and CRT securities, represent the largest portion of MFA Financial’s portfolio. The company generates nearly all of its revenue from interest payments derived from its financial holdings. The largest counterparties to MFA Financial’s assets in terms of country of domicile are the U.S. and Switzerland.
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