Market Summary
USD9.92+0.27
Market Closed2.80%
MFA Stock Price
MFA RSI Chart
MFA Valuation
MFA Price/Sales (Trailing)
MFA Profitability
MFA Fundamentals
MFA Revenue
MFA Earnings
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
Peers (Alternatives to MFA Financial)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AXP | 122.6B | 43.0B | -6.23% | -10.87% | 16.31 | 2.85 | 24.07% | -6.77% |
GS | 109.6B | 39.7B | -5.52% | 1.84% | 9.73 | 2.76 | -24.93% | -47.95% |
BLK | 100.2B | 17.9B | -0.97% | -9.89% | 19.35 | 5.61 | -7.75% | -12.25% |
SCHW | 98.8B | 20.8B | -32.33% | -36.94% | 13.76 | 4.76 | 12.11% | 22.68% |
| MID-CAP | ||||||||
NLY | 8.9B | 2.8B | -5.11% | -26.30% | 5.19 | 3.22 | 40.13% | -27.81% |
AGNC | 5.8B | 1.6B | -4.82% | -16.70% | -4.87 | 3.64 | 16.83% | -258.88% |
STWD | 5.5B | 1.5B | -8.25% | -25.17% | 6.31 | 3.75 | 25.18% | 94.64% |
NRZ | 3.8B | 4.7B | 14.03% | 22.72% | 3.87 | 0.8 | 30.51% | 22.06% |
NYMT | 3.6B | 258.4M | 0.64% | -20.32% | -12.17 | 14.06 | 24.91% | -254.56% |
BXMT | 3.1B | 1.3B | -14.06% | -41.20% | 12.33 | 2.29 | 56.66% | -40.69% |
HASI | 2.6B | 239.7M | -8.42% | -37.83% | 62.6 | 10.84 | 12.46% | -67.21% |
| SMALL-CAP | ||||||||
PMT | 1.1B | 909.6M | -5.08% | -19.01% | -14.95 | 1.2 | 52.78% | -228.90% |
MFA | 1.0B | 482.4M | -5.07% | -32.73% | -4.36 | 2.09 | 33.15% | -170.42% |
BRMK | 618.7M | 106.1M | -7.30% | -41.04% | -5.32 | 5.83 | -12.00% | -241.10% |
IVR | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 8.3% | 482 | 445 | 412 | 388 | 362 |
| Costs and Expenses | -5.8% | 165 | 175 | 166 | 142 | 123 |
| Interest Expenses | -6.1% | 224 | 238 | 248 | 254 | 242 |
| Net Income | -19.3% | -231 | -194 | -6.64 | 160 | 329 |
| Net Income Margin | -10.1% | -0.48* | -0.44* | -0.02* | 0.41* | - |
| Free Cahsflow | -10.8% | 366 | 410 | 264 | 221 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -4.3% | 9,112 | 9,520 | 9,480 | 9,925 | 9,140 |
| Cash Equivalents | -23.0% | 334 | 434 | 386 | 411 | 305 |
| Liabilities | -4.8% | 7,124 | 7,486 | 7,333 | 7,576 | 6,597 |
| Shareholder's Equity | -2.2% | 1,989 | 2,034 | 2,146 | 2,349 | 2,543 |
| Retained Earnings | -2.3% | -1,717 | -1,680 | -1,570 | -1,417 | -1,279 |
| Additional Paid-In Capital | 0.1% | 3,684 | 3,682 | 3,679 | 3,723 | 3,775 |
| Shares Outstanding | 0.0% | 102 | 102 | 102 | 105 | 108 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -1.8% | 366 | 373 | 234 | 230 | 120 |
| Cashflow From Investing | 43.2% | -1,126 | -1,981 | -2,954 | -3,095 | -2,167 |
| Cashflow From Financing | -47.8% | 850 | 1,629 | 2,351 | 2,636 | 1,630 |
| Dividend Payments | 0.4% | 184 | 183 | 183 | 169 | 156 |
| Buy Backs | -27.3% | 102 | 141 | 141 | 117 | 86.00 |
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 ascending | Fund Name | Type | % 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 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MFA Financial News
Schedule 13G FIlings of MFA Financial
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
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
2022-12-31CONSOLIDATED 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 value | 28,921 | 56,690 | 90,094 |
| Other interest-earning assets | 7,437 | 1,800 | 9,850 |
| Cash and cash equivalent investments | 4,838 | 344 | 676 |
| Interest Income | 482,419 | 362,302 | 432,832 |
| Interest Expense: | |||
| Asset-backed and other collateralized financing arrangements | 243,083 | 104,597 | 242,039 |
| Other interest expense | 15,760 | 15,788 | 26,719 |
| Interest Expense | 258,843 | 120,385 | 268,758 |
| Net Interest Income | 223,576 | 241,917 | 164,074 |
| Reversal of Provision/(Provision) for Credit Losses on Residential Whole Loans | 2,646 | 44,863 | (22,381) |
| Provision for Credit Losses on Other Assets | (28,579) | 0 | 0 |
| Net Interest Income after (Provision)/Reversal of Provision for Credit Losses | 197,643 | 286,780 | 141,693 |
| Other (Loss)/Income, net: | |||
| Net (loss)/gain on residential whole loans measured at fair value through earnings | (866,762) | 16,243 | 16,386 |
| Net realized loss on residential whole loans held at carrying value | 0 | 0 | (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 owned | 25,379 | 22,838 | 5,391 |
| Total Net gain/(loss) on derivatives used for risk management purposes | 255,179 | 1,426 | (61,249) |
| Net gain/(loss) on securitized debt measured at fair value through earnings | 290,639 | 15,027 | (11,929) |
| Lima One - origination, servicing and other fee income | 46,745 | 22,600 | 0 |
| Other, net | 9,297 | 12,473 | (4,571) |
| Other (Loss)/Income, net | (264,590) | 165,103 | (679,569) |
| Operating and Other Expense: | |||
| Compensation and benefits | 76,728 | 53,817 | 31,042 |
| Other general and administrative expense | 35,812 | 31,729 | 25,666 |
| Loan servicing, financing and other related costs | 42,894 | 30,867 | 40,372 |
| Amortization of intangible assets | 9,200 | 6,600 | 0 |
| Costs associated with restructuring/forbearance agreement | 0 | 0 | 44,434 |
| Operating and Other Expense | 164,634 | 123,013 | 141,514 |
| Net (Loss)/Income | (231,581) | 328,870 | (679,390) |
| Less Preferred Stock Dividend Requirement | 32,875 | 32,875 | 29,796 |
| 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
2022-12-31CONSOLIDATED 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] | 333,364 | 256,685 | |||
| Cash and cash equivalents | 334,183 | 304,696 | ||||
| Restricted cash | 159,898 | 99,751 | ||||
| Other assets | [2] | 766,221 | 565,556 | |||
| Total Assets | 9,112,405 | 9,139,688 | ||||
| Liabilities: | ||||||
| Financing agreements ($3,898,744 and $3,266,773 held at fair value, respectively) | 6,812,086 | 6,378,782 | ||||
| Other liabilities | 311,470 | 218,058 | ||||
| Total Liabilities | 7,123,556 | 6,596,840 | ||||
| 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, respectively | 1,018 | 1,082 | ||||
| Additional paid-in capital, in excess of par | 3,684,291 | 3,775,482 | ||||
| Accumulated deficit | (1,717,991) | (1,279,484) | ||||
| Accumulated other comprehensive income | 21,341 | 45,578 | ||||
| Total Stockholders’ Equity | 1,988,849 | 2,542,848 | ||||
| Total Liabilities and Stockholders’ Equity | 9,112,405 | 9,139,688 | ||||
| Series B Preferred Stock | ||||||
| Stockholders’ Equity: | ||||||
| Preferred stock | 80 | 80 | ||||
| Series C Preferred Stock | ||||||
| Stockholders’ Equity: | ||||||
| Preferred stock | $ 110 | $ 110 | ||||
| ||||||