Market Overview

UPDATE: Deutsche Bank Raises PT to $8.50 on MFA Financial on Dividend Upside

Related MFA
UPDATE: Wunderlich Securities Reiterates On MFA Financial On Improving Credit
UPDATE: Credit Suisse Reiterates On MFA Financial As Risk/Reward Is Still Favorable

Deutsche Bank reiterated its Buy rating on MFA Financial (NYSE: MFA) and raised its price target from $8.25 to $8.75.

Deutsche Bank noted, "MFA's 3Q dividend decreased sequentially from 23c but was above our 19c estimate. We believe the upside to our estimate was likely a result of spreads narrowing less than we anticipated. The dividend is payable on October 31, to shareholders of record on October 12. Declining mortgage rates or increases in prepayment speeds could impair MFA's net interest spread through increased expenses. Rising short-term interest rates may result in higher-than-expected funding costs and reduced earnings. Lower-than-expected leverage could result in earnings below our forecast."

MFA Financial closed at $8.50 on Friday.

Latest Ratings for MFA

DateFirmActionFromTo
Aug 2014Deutsche BankMaintainsHold
Feb 2014WunderlichMaintainsHold
Sep 2013Compass PointInitiates Coverage onBuy

View More Analyst Ratings for MFA
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (MFA)

Around the Web, We're Loving...

Get Benzinga's Newsletters