Welcome to our dedicated page for MFA Financial news (Ticker: MFA), a resource for investors and traders seeking the latest updates and insights on MFA Financial stock.
MFA Financial, Inc. (symbol: MFA) is a real estate investment trust (REIT) that specializes in the investment and financing of residential mortgage-backed securities (RMBS). The company operates with a diversified portfolio that includes both agency and non-agency RMBS. Through strategic leverage, MFA Financial aims to maximize returns for shareholders while maintaining a balanced risk profile.
MFA Financial has a principal objective of generating distributable income and enhancing asset performance by focusing on residential mortgage credit fundamentals. This involves meticulous credit analysis, careful projection of prepayment rates, and a deep understanding of interest rate sensitivities.
The company is noted for its selective investment approach, which ensures that each asset added to its portfolio aligns with its rigorous performance criteria. As an internally managed REIT, MFA Financial benefits from streamlined operations and better alignment of management and shareholder interests.
Recent Achievements:
- Continued strong performance in its asset portfolio, contributing to robust distributable income.
- Strategic partnerships and collaborations that enhance its investment capabilities and market reach.
- Innovative projects aimed at optimizing prepayment and interest rate sensitivity management.
MFA Financial remains a significant player in the residential mortgage investment space, consistently adapting to market conditions to deliver value. Investors looking for a stable, income-generating asset may find MFA Financial's strategy and performance particularly attractive.
MFA Financial, Inc. (NYSE: MFA) has declared a cash dividend of $0.44 per share for Q2 2022. This dividend will be paid on July 29, 2022, to stockholders of record as of June 30, 2022. MFA Financial specializes in investing and financing residential mortgage assets through various instruments including whole loans and mortgage-backed securities. As an internally-managed REIT, MFA aims to provide income to its shareholders while managing a diversified portfolio.
MFA Financial has declared dividends for its preferred stockholders. The Board approved a $0.46875 per share dividend on the 7.50% Series B Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2022, payable on June 30, 2022, to stockholders of record as of June 1, 2022. Additionally, a $0.40625 per share dividend on the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock has also been approved, with the same payment schedule. MFA focuses on investments in residential mortgage assets, enhancing shareholder returns.
MFA Financial, Inc. reported a GAAP loss of $(91.1) million or ($0.86) per share for Q1 2022. Despite this, Distributable Earnings were $66.0 million or $0.62 per share. The GAAP book value per share decreased to $17.84, while Economic book value fell to $18.81. The company experienced net interest income of $63.1 million, with a net interest spread of 1.96%. MFA completed two securitizations totaling $1.08 billion during the quarter, enhancing liquidity. The CEO acknowledged the challenges posed by rising interest rates but noted the company's proactive risk management measures.
MFA Financial, Inc. (NYSE: MFA) will host a live audio webcast of its investor conference call on May 4, 2022, at 10:00 a.m. ET to discuss its first quarter 2022 financial results. The earnings announcement will precede the call. The webcast can be accessed on the company’s website under 'Webcasts & Presentations'. Audio presentation materials will be available prior to the call and a replay will follow. MFA Financial specializes in investing in and financing residential mortgage assets, including whole loans and mortgage-backed securities.
MFA Financial, Inc. (NYSE: MFA) has successfully completed a 1-for-4 reverse stock split, effective April 4, 2022. This reduces its outstanding shares from approximately 420 million to about 105 million. Despite the split, the dividend payment of $0.11 per share remains unchanged and is scheduled for April 29, 2022. Shareholders will receive cash for any fractional shares resulting from the split. The company reassures investors that their ownership percentage remains largely unaffected.
MFA Financial, Inc. (NYSE: MFA) has announced a 1-for-4 reverse stock split effective April 4, 2022. This corporate action will reduce each stockholder's number of shares by a factor of four, while preserving ownership percentages. Trading on a post-split basis is expected to commence on April 5, 2022. The reverse split will not impact the upcoming dividend of $0.11 per share, payable on April 29, 2022, to stockholders recorded before the split. Stockholders will receive cash for any fractional shares instead of issuing them.
MFA Financial, Inc. (NYSE: MFA) declared a cash dividend of $0.11 per share for Q1 2022, payable on April 29, 2022, to stockholders of record by March 22, 2022. Additionally, the Board authorized a new share repurchase program allowing for the buyback of up to $250 million in common stock through the end of 2023, replacing the previous program with $25.6 million remaining. Repurchases will depend on market conditions and may occur via various methods, funded by cash balances and future investment portfolio run-off.
MFA Financial reported a fourth quarter 2021 net income of $35.9 million, or $0.08 per share, with a GAAP book value of $4.78 and an economic book value of $5.15 per share. Net interest income rose 13% to $70.1 million, driven by successful asset acquisitions and record origination volumes at Lima One. The company completed $937 million in securitizations and repurchased 8.5 million shares. However, market volatility led to unrealized losses of approximately $42.6 million in residential whole loans. The total shareholder return for 2021 was 27.6%.
MFA Financial, Inc. has declared dividends for its preferred stock for Q1 2022. A $0.46875 per share dividend will be paid on the 7.50% Series B Cumulative Redeemable Preferred Stock, with payment scheduled for March 31, 2022. The record date for shareholders is March 1, 2022. Additionally, a $0.40625 per share dividend will be issued for the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on March 31, 2022, to shareholders recorded by March 1, 2022.
MFA Financial, Inc. (NYSE: MFA) is set to hold a live audio webcast on February 23, 2022, at 10:00 a.m. ET to discuss its fourth quarter 2021 financial results. The financial results will be announced earlier that day. Investors can access the webcast by visiting MFA's official website. Participants are advised to log in at least 15 minutes before the call to ensure proper setup. Additionally, earnings presentation materials will be available on the website before the call, with an audio replay accessible afterward.
FAQ
What is the current stock price of MFA Financial (MFA)?
What is the market cap of MFA Financial (MFA)?
What is MFA Financial, Inc.?
What is the primary business objective of MFA Financial, Inc.?
How does MFA Financial, Inc. invest in residential mortgage assets?
Is MFA Financial, Inc. internally or externally managed?
What types of securities does MFA Financial, Inc. invest in?
How does MFA Financial, Inc. aim to maximize returns for shareholders?
What are some recent achievements of MFA Financial, Inc.?
What is the ticker symbol for MFA Financial, Inc.?
Why should investors consider MFA Financial, Inc.?