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MFA Financial Inc Stock Research

MFA

9.92USD+0.27(+2.80%)Market Closed

Market Summary

USD9.92+0.27
Market Closed
2.80%

MFA Alerts

MFA Stock Price

MFA RSI Chart

MFA Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

-4.36

Price/Sales (Trailing)

2.09

Price/Free Cashflow

2.76

MFA Price/Sales (Trailing)

MFA Profitability

Return on Equity

-11.64%

Return on Assets

-2.54%

Free Cashflow Yield

36.22%

MFA Fundamentals

MFA Revenue

Revenue (TTM)

482.4M

Revenue Y/Y

34.99%

Revenue Q/Q

15.34%

MFA Earnings

Earnings (TTM)

-231.6M

Earnings Y/Y

-84.79%

Earnings Q/Q

112.2%

Price Action

52 Week Range

7.1514.89
(Low)(High)

Last 7 days

8.6%

Last 30 days

-5.1%

Last 90 days

0.7%

Trailing 12 Months

-32.7%

MFA Financial Health

MFA Investor Care

Dividend Yield

16.83%

Dividend/Share (TTM)

1.67

Buy Backs (1Y)

5.86%

Diluted EPS (TTM)

-2.57

Peers (Alternatives to MFA Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
122.6B
43.0B
-6.23% -10.87%
16.31
2.85
24.07% -6.77%
109.6B
39.7B
-5.52% 1.84%
9.73
2.76
-24.93% -47.95%
100.2B
17.9B
-0.97% -9.89%
19.35
5.61
-7.75% -12.25%
98.8B
20.8B
-32.33% -36.94%
13.76
4.76
12.11% 22.68%
MID-CAP
8.9B
2.8B
-5.11% -26.30%
5.19
3.22
40.13% -27.81%
5.8B
1.6B
-4.82% -16.70%
-4.87
3.64
16.83% -258.88%
5.5B
1.5B
-8.25% -25.17%
6.31
3.75
25.18% 94.64%
3.8B
4.7B
14.03% 22.72%
3.87
0.8
30.51% 22.06%
3.6B
258.4M
0.64% -20.32%
-12.17
14.06
24.91% -254.56%
3.1B
1.3B
-14.06% -41.20%
12.33
2.29
56.66% -40.69%
2.6B
239.7M
-8.42% -37.83%
62.6
10.84
12.46% -67.21%
SMALL-CAP
1.1B
909.6M
-5.08% -19.01%
-14.95
1.2
52.78% -228.90%
1.0B
482.4M
-5.07% -32.73%
-4.36
2.09
33.15% -170.42%
618.7M
106.1M
-7.30% -41.04%
-5.32
5.83
-12.00% -241.10%
429.3M
194.5M
-9.17% -42.89%
-1.07
2.21
14.96% -347.69%

Financials for MFA Financial

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.3%482445412388362
Costs and Expenses-5.8%165175166142123
Interest Expenses-6.1%224238248254242
Net Income-19.3%-231-194-6.64160329
Net Income Margin-10.1%-0.48*-0.44*-0.02*0.41*-
Free Cahsflow-10.8%366410264221-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-4.3%9,1129,5209,4809,9259,140
    Cash Equivalents-23.0%334434386411305
Liabilities-4.8%7,1247,4867,3337,5766,597
Shareholder's Equity-2.2%1,9892,0342,1462,3492,543
  Retained Earnings-2.3%-1,717-1,680-1,570-1,417-1,279
  Additional Paid-In Capital0.1%3,6843,6823,6793,7233,775
Shares Outstanding0.0%102102102105108
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-1.8%366373234230120
Cashflow From Investing43.2%-1,126-1,981-2,954-3,095-2,167
Cashflow From Financing-47.8%8501,6292,3512,6361,630
  Dividend Payments0.4%184183183169156
  Buy Backs-27.3%10214114111786.00

Risks for MFA

What is the probability of a big loss on MFA?

40.8%


Probability that MFA Financial stock will be more than 20% underwater in next one year

36.5%


Probability that MFA Financial stock will be more than 30% underwater in next one year.

36.1%


Probability that MFA Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MFA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MFA Financial was unfortunately bought at previous high price.

Drawdowns

Returns for MFA

Cumulative Returns on MFA

-1.5%


10-Year Cumulative Returns

-3.8%


7-Year Cumulative Returns

-10.7%


5-Year Cumulative Returns

26.6%


3-Year Cumulative Returns

What are the long-term rolling returns for MFA?

FIve years rolling returns for MFA Financial.

Annualized Returns

Which funds bought or sold MFA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
unchanged
-
108,205
514,889
-%
2023-03-17
American Portfolios Advisors
unchanged
-
-3,481
9,118
-%
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
105,001
105,001
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-75.58
-226,722
101,278
-%
2023-03-06
Rockefeller Capital Management L.P.
sold off
-100
-14,000
-
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
1,000
44,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-25.53
-25,941
417,059
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
739
739
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-33,000
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
reduced
-35.75
-5,006
6,994
-%

1–10 of 40

Latest Funds Activity

Are funds buying MFA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MFA
No. of Funds

MFA Financial News

MarketWatch

MFA Financial Inc. stock rises Friday, outperforms market.

MarketWatch,
6 hours ago

StreetInsider.com

Form 10-K/A ISTAR INC. For: Dec 31.

StreetInsider.com,
31 hours ago

DirectorsTalk Interviews

Stock Traders Daily

How To Trade Mfa Financial $MFA.

Stock Traders Daily,
18 days ago

Schedule 13G FIlings of MFA Financial

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.57%
9,745,113
SC 13G/A
Feb 03, 2023
blackrock inc.
8.3%
8,421,643
SC 13G
Jan 11, 2023
starwood capital group global ii, l.p.
0%
0
SC 13D/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 07, 2022
starwood capital group global ii, l.p.
0.97%
4,255,416
SC 13D/A
Feb 01, 2022
blackrock inc.
8.8%
38,583,508
SC 13G/A
Jun 10, 2021
vanguard group inc
10.08%
44,493,650
SC 13G/A
Apr 12, 2021
blackrock inc.
10.0%
45,292,799
SC 13G/A
Feb 10, 2021
vanguard group inc
9.57%
43,383,408
SC 13G/A

MFA Fair Value

MFA Financial fair value in different scenarios

The table shows the Fair Value estimates for MFA Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

5.82

-41.33%

6.53

-34.17%

7.57

-23.69%

10.58

6.65%

13.66

37.70%
Current Inflation

5.63

-43.25%

6.28

-36.69%

7.08

-28.63%

9.62

-3.02%

12.22

23.19%
Very High Inflation

5.39

-45.67%

5.96

-39.92%

6.50

-34.48%

8.50

-14.31%

10.56

6.45%

Historical MFA Financial Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of MFA Financial

View All Filings
Date Filed Form Type Document
Feb 24, 2023
10-K
Annual Report
Feb 23, 2023
8-K
Current Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
SC 13G
Major Ownership Report
Jan 11, 2023
4
Insider Trading
Jan 11, 2023
4
Insider Trading
Jan 11, 2023
4
Insider Trading
Jan 11, 2023
4
Insider Trading
Jan 11, 2023
4
Insider Trading

Latest Insider Trading transactions for MFA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-09
Meyers Terence B
sold (taxes)
-6,979
4.58
-1,524
senior vice president
2023-01-09
Lin Mei
acquired
-
-
1,148
sr. vp & co-controller
2023-01-09
Lin Mei
sold (taxes)
-3,741
10.25
-365
sr. vp & co-controller
2023-01-09
Schwartz Harold E
acquired
-
-
5,737
senior vice president
2023-01-09
Yarad Stephen D.
acquired
-
-
5,737
chief financial officer
2023-01-09
Wulfsohn Bryan
acquired
-
-
14,298
svp & co-chief invest. ofcr.
2023-01-09
Wulfsohn Bryan
sold (taxes)
-82,994
10.25
-8,097
svp & co-chief invest. ofcr.
2023-01-09
Roper Michael Charles
sold (taxes)
-16,707
10.25
-1,630
sr. vp & chief accounting ofcr
2023-01-09
Roper Michael Charles
acquired
-
-
2,868
sr. vp & chief accounting ofcr
2023-01-09
STARWOOD CAPITAL GROUP GLOBAL II, L.P.
sold
-102,632,000
10.0733
-10,188,500
-

1–10 of 50

Craig L. Knutson
300
MFA Financial, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets. The company has elected to be taxed as a REIT and would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. MFA Financial, Inc. was incorporated in 1997 and is headquartered in New York, New York.

MFA Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest Income:   
Residential whole loans$ 441,223$ 303,468$ 332,212
Securities, at fair value28,92156,69090,094
Other interest-earning assets7,4371,8009,850
Cash and cash equivalent investments4,838344676
Interest Income482,419362,302432,832
Interest Expense:   
Asset-backed and other collateralized financing arrangements243,083104,597242,039
Other interest expense15,76015,78826,719
Interest Expense258,843120,385268,758
Net Interest Income223,576241,917164,074
Reversal of Provision/(Provision) for Credit Losses on Residential Whole Loans2,64644,863(22,381)
Provision for Credit Losses on Other Assets(28,579)00
Net Interest Income after (Provision)/Reversal of Provision for Credit Losses197,643286,780141,693
Other (Loss)/Income, net:   
Net (loss)/gain on residential whole loans measured at fair value through earnings(866,762)16,24316,386
Net realized loss on residential whole loans held at carrying value00(273,030)
Impairment and other net (loss)/gain on securities and other portfolio investments(25,067)74,496(350,567)
Net gain on real estate owned25,37922,8385,391
Total Net gain/(loss) on derivatives used for risk management purposes255,1791,426(61,249)
Net gain/(loss) on securitized debt measured at fair value through earnings290,63915,027(11,929)
Lima One - origination, servicing and other fee income46,74522,6000
Other, net9,29712,473(4,571)
Other (Loss)/Income, net(264,590)165,103(679,569)
Operating and Other Expense:   
Compensation and benefits76,72853,81731,042
Other general and administrative expense35,81231,72925,666
Loan servicing, financing and other related costs42,89430,86740,372
Amortization of intangible assets9,2006,6000
Costs associated with restructuring/forbearance agreement0044,434
Operating and Other Expense164,634123,013141,514
Net (Loss)/Income(231,581)328,870(679,390)
Less Preferred Stock Dividend Requirement32,87532,87529,796
Net (Loss)/Income Available to Common Stock and Participating Securities$ (264,456)$ 295,995$ (709,186)
Basic (Loss)/Earnings per Common Share (usd per share)$ (2.57)$ 2.66$ (6.28)
Diluted (Loss)/Earnings per Common Share (in usd per share)$ (2.57)$ 2.63$ (6.28)

MFA Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:  
Residential whole loans, net ($5,727,524 and $5,305,349 held at fair value, respectively)[1],[2]$ 7,518,739$ 7,913,000
Securities, at fair value[2]333,364256,685
Cash and cash equivalents334,183304,696
Restricted cash159,89899,751
Other assets[2]766,221565,556
Total Assets9,112,4059,139,688
Liabilities:  
Financing agreements ($3,898,744 and $3,266,773 held at fair value, respectively)6,812,0866,378,782
Other liabilities311,470218,058
Total Liabilities7,123,5566,596,840
Commitments and contingencies (See Note 9)
Stockholders’ Equity:  
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,802 and 108,138 shares issued and outstanding, respectively1,0181,082
Additional paid-in capital, in excess of par3,684,2913,775,482
Accumulated deficit(1,717,991)(1,279,484)
Accumulated other comprehensive income21,34145,578
Total Stockholders’ Equity1,988,8492,542,848
Total Liabilities and Stockholders’ Equity9,112,4059,139,688
Series B Preferred Stock  
Stockholders’ Equity:  
Preferred stock8080
Series C Preferred Stock  
Stockholders’ Equity:  
Preferred stock$ 110$ 110
[1]Includes approximately $4.0 billion and $3.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at December 31, 2022 and December 31, 2021, respectively. Such assets can be used only to settle the obligations of each respective VIE.
[2]See Note 6 for information regarding the Company’s pledged assets.