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MFA Financial Inc Stock Research

MFA

10.26USD-0.30(-2.84%)Delayedas of 21 Sep 2023, 01:52 pm
Watchlist

Market Summary

USD10.26-0.30
Delayedas of 21 Sep 2023, 01:52 pm
-2.84%

MFA Alerts

  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

MFA Stock Price

MFA RSI Chart

MFA Valuation

Market Cap

1.1B

Price/Earnings (Trailing)

-741.21

Price/Sales (Trailing)

1.98

Price/Free Cashflow

4.94

MFA Price/Sales (Trailing)

MFA Profitability

Return on Equity

-3.76%

Return on Assets

-0.82%

Free Cashflow Yield

20.26%

MFA Fundamentals

MFA Revenue

Revenue (TTM)

543.3M

Revenue Y/Y

32.04%

Revenue Q/Q

9.19%

MFA Earnings

Earnings (TTM)

-1.5M

Earnings Y/Y

74.17%

Earnings Q/Q

-135.62%

Price Action

52 Week Range

7.1512.38
(Low)(High)

Last 7 days

-2.8%

Last 30 days

3.2%

Last 90 days

-5.6%

Trailing 12 Months

4.3%

MFA Financial Health

MFA Investor Care

Dividend Yield

14.39%

Dividend/Share (TTM)

1.52

Shares Dilution (1Y)

0.12%

Diluted EPS (TTM)

-0.37

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

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

Which funds bought or sold MFA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
new
-
843
843
-%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-67.16
-223,624
136,376
-%
2023-08-22
COMERICA BANK
new
-
-
-
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-81.15
-1,571,750
427,092
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
4.28
213,695
1,390,700
-%
2023-08-16
West Family Investments, Inc.
sold off
-100
-2,043,520
-
-%
2023-08-16
Nuveen Asset Management, LLC
added
166
7,227,970
10,802,000
-%
2023-08-15
GOLDMAN SACHS GROUP INC
reduced
-21.49
-1,700,900
13,695,700
-%
2023-08-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
3.51
6,000
41,000
-%
2023-08-15
HARBOUR INVESTMENTS, INC.
added
90.35
4,280
7,980
-%

1–10 of 40

Latest Funds Activity

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

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

Recent SEC filings of MFA Financial

View All Filings
Date Filed Form Type Document
Sep 11, 2023
8-K
Current Report
Aug 03, 2023
8-K
Current Report
Aug 03, 2023
10-Q
Quarterly Report
Jun 27, 2023
S-8
Employee Benefits Plan
Jun 27, 2023
S-8
Employee Benefits Plan
Jun 27, 2023
11-K
Employee Benefit Details

MFA Fair Value

Loading...

Peers (Alternatives to MFA Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
115.7B
45.6B
-2.27% 2.83%
15.55
2.54
15.43% -2.20%
111.4B
50.2B
4.55% 5.59%
12.59
2.22
62.27% -45.33%
103.1B
20.8B
-4.60% -22.07%
14.98
4.97
9.06% 9.27%
102.1B
17.4B
1.77% 11.39%
19.68
5.88
-10.46% -11.12%
MID-CAP
10.1B
3.2B
7.54% -11.58%
-5.51
3.15
50.53% -148.14%
6.5B
1.9B
6.79% -9.35%
11.69
3.51
52.80% -26.62%
6.1B
1.5B
6.31% -7.05%
203.31
3.99
7.23% 103.33%
4.0B
1.8B
11.43% -18.13%
14.43
2.17
85.45% -31.23%
3.7B
3.5B
- -
9.73
0.99
-31.43% -31.90%
2.6B
261.9M
22.95% -31.03%
48.97
9.76
16.99% -39.64%
825.8M
246.5M
1.69% -8.19%
-5.2
3.35
6.65% -174.04%
SMALL-CAP
1.1B
662.5M
2.38% -8.73%
10.99
1.69
-20.69% 171.40%
1.1B
543.3M
3.23% 4.33%
-741.21
1.98
31.74% 78.13%
635.0M
103.7M
-1.83% -30.88%
-4.89
6.12
-14.84% -262.02%
473.9M
248.5M
2.21% -23.51%
-12.02
1.91
44.75% 88.57%

MFA Financial News

Dividend Investor
MFA Dividend Announcement $0.3500/Share 9/20/2023.
Dividend Investor,
17 hours ago
Marketscreener.com
Marketscreener.com
Business Wire
Marketscreener.com
Fitch Assigns Final Ratings to MFA 2023-NQM3.
Marketscreener.com,
14 days ago
International Financing Review
IFR SNAPSHOT - Last week of August brings summer lull.
International Financing Review,
24 days ago

Returns for MFA

Cumulative Returns on MFA

0.7%


10-Year Cumulative Returns

-4.7%


7-Year Cumulative Returns

-10.3%


5-Year Cumulative Returns

6.3%


3-Year Cumulative Returns

Risks for MFA

What is the probability of a big loss on MFA?

50.4%


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

44.2%


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

39.2%


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

Financials for MFA Financial

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue6.9%543508482445412388362317309327391484544586582561536493456424412
Costs and Expenses-2.6%16016516517516614212399.0093.0013514114514210095.0092.0088.0086.0080.0075.0076.00
Interest Expenses-4.0%192200224238248254242191156112123174204249249241242232223214211
Net Income98.1%-1.45-75.89-231-194-6.64160329331285315-679-624-616-619378338330307302342318
Net Income Margin100.0%--0.15*-0.48*-0.44*-0.02*0.41*0.91*1.11*1.05*1.14*-1.89*-1.38*-1.17*-1.06*0.65*------
Free Cashflow-100.0%-21936641026422110877.0029.0040.0034.0077.00186190214------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets4.6%9,7369,3129,1129,5209,4809,9259,1408,4887,2086,7186,9327,4837,56711,13013,56813,10513,20812,80212,42011,78210,645
    Cash Equivalents-9.1%32936233443454555640458291578682288967433313519312011989.0011159.00
Liabilities6.8%7,7917,2937,1247,4867,3337,5766,5975,8874,6824,1764,4074,9185,0468,69010,1849,7019,8059,3979,0048,2307,438
Shareholder's Equity-3.7%1,9452,0191,9892,0342,1462,3492,5432,6012,5272,5422,5252,5662,5212,4413,3843,4033,4033,4053,4163,5523,207
  Retained Earnings-4.2%-1,761-1,690-1,717-1,680-1,570-1,417-1,279-1,267-1,347-1,361-1,405-1,408-1,451-1,548-631-637-638-637-632-598-592
  Additional Paid-In Capital0.1%3,6913,6873,6843,6823,6793,7233,7753,8073,8053,8263,8523,9253,9223,9073,6403,6343,6253,6233,6233,6203,230
Shares Outstanding0.0%102102102102102105108110110112113113113113113113113113112112100
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-0.5%21922036637323623012013178.0049.0038.0079.00186192216211190179148145122
  Share Based Compensation-------------9.0010.009.009.009.008.008.007.007.00
Cashflow From Investing-56.0%-1,068-685-1,126-1,981-2,956-3,095-2,167-7081,0185,9076,3845,2965,009185-1,134-1,109-3,162-2,539-2,157-1,739233
Cashflow From Financing84.7%8084388501,6292,3512,6361,630270-854-5,503-5,735-4,678-4,641-1629659803,0342,2561,6351,082-1,053
  Dividend Payments-6.4%16117318418318316915613590.0057.00114181272362362361351340330319319
  Buy Backs-98.8%1.0048.0010214114111786.0010010073.0051.00--5.00--1.001.00-3.004.00

MFA Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income:    
Residential whole loans$ 128,048$ 102,354$ 247,558$ 201,820
Securities, at fair value9,9485,29417,25610,569
Other interest-earning assets2,6221,3494,9732,855
Cash and cash equivalent investments3,7323246,768426
Interest Income144,350109,321276,555215,670
Interest Expense:    
Asset-backed and other collateralized financing arrangements95,88452,805184,76492,170
Other interest expense3,9613,9377,9177,868
Interest Expense99,84556,742192,681100,038
Net Interest Income44,50552,57983,874115,632
(Provision)/Reversal of Provision for Credit Losses on Residential Whole Loans(294)(1,817)(281)1,694
Provision for Credit Losses on Other Assets0(28,579)0(28,579)
Net Interest Income/(Expense) after Provision for Credit Losses44,21122,18383,59388,747
Other (Loss)/Income, net:    
Net loss on residential whole loans measured at fair value through earnings(130,703)(218,181)(1,529)(506,116)
Impairment and other net loss on securities and other portfolio investments(4,569)(12,046)(1,638)(15,747)
Net gain on real estate owned2,1537,1856,09515,917
Net gain on derivatives used for risk management purposes60,45147,80439,243141,905
Net gain/(loss) on securitized debt measured at fair value through earnings27,39484,573(24,331)148,690
Lima One - origination, servicing and other fee income11,47710,67320,45325,167
Other, net5,4963,5448,6686,220
Other (Loss)/Income, net(28,301)(76,448)46,961(183,964)
Operating and Other Expense:    
Compensation and benefits21,77119,06042,40138,616
Other general and administrative expense11,16910,50721,56019,204
Loan servicing, financing and other related costs7,59813,23517,13723,636
Amortization of intangible assets1,3003,3002,6006,600
Operating and Other Expense41,83846,10283,69888,056
Net (Loss)/Income(25,928)(100,367)46,856(183,273)
Less Preferred Stock Dividend Requirement8,2188,21916,43716,438
Net (Loss)/Income Available to Common Stock and Participating Securities$ (34,146)$ (108,586)$ 30,419$ (199,711)
Basic (Loss)/Earnings per Common Share (in dollars per share)$ (0.34)$ (1.06)$ 0.30$ (1.91)
Diluted (Loss)/Earnings per Common Share (in dollars per share)$ (0.34)$ (1.06)$ 0.29$ (1.91)

MFA Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:  
Residential whole loans, net ($6,164,293 and $5,305,349 held at fair value, respectively)[1],[2]$ 8,139,786$ 7,518,739
Securities, at fair value[2]594,294333,364
Cash and cash equivalents329,391334,183
Restricted cash174,005159,898
Other assets[2]498,755766,221
Total Assets9,736,2319,112,405
Liabilities:  
Financing agreements ($4,116,746 and $3,898,744 held at fair value, respectively)7,568,1776,812,086
Other liabilities223,285311,470
Total Liabilities7,791,4627,123,556
Commitments and contingencies (See Note 9)
Stockholders’ Equity:  
Common stock, $0.01 par value; 874,300 and 874,300 shares authorized; 101,916 and 101,802 shares issued and outstanding, respectively1,0191,018
Additional paid-in capital, in excess of par3,691,2333,684,291
Accumulated deficit(1,761,093)(1,717,991)
Accumulated other comprehensive income13,42021,341
Total Stockholders’ Equity1,944,7691,988,849
Total Liabilities and Stockholders’ Equity9,736,2319,112,405
Series B Preferred Stock  
Stockholders’ Equity:  
Preferred stock8080
Series C Preferred Stock  
Stockholders’ Equity:  
Preferred stock$ 110$ 110
[1]Includes approximately $4.8 billion and $4.0 billion of Residential whole loans transferred to consolidated variable interest entities (“VIEs”) at June 30, 2023 and December 31, 2022, 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.
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.