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UPDATE: Wunderlich Securities Raises PT to $8 on MFA Financial on Bond Market Rally

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Wunderlich Securities reiterated its Hold rating on MFA Financial (NYSE: MFA) but raised its price target from $7.50 to $8.

Wunderlich Securities noted, "Our earnings outlook for Hold-rated MFA Financial (MFA) highlights the allocation of its equity to credit-sensitive assets, levered under longer-term financings which carry less risk, and are also more expensive. While we respect that value could be created in the future based on the low cost basis in its investment portfolio and significant credit protections in non-agency bonds, we believe dividends remain under modest pressure. Still, an estimated distribution of $0.75 in 2013 could provide price support in a yield-hungry market, so we are raising our target to $8.00 from $7.50."

MFA Financial closed at $8.32 on Friday.

Latest Ratings for MFA

DateFirmActionFromTo
Sep 2016FBR CapitalDowngradesOutperformMarket Perform
Aug 2016Deutsche BankMaintainsHold
Apr 2016Wells FargoDowngradesMarket PerformUnderperform

View More Analyst Ratings for MFA
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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