Citizens JMP analyst Steven DeLaney lowered the firm’s price target on MFA Financial (MFA) to $11 from $12 and keeps an Outperform rating on the shares. The second quarter exhibited significant market volatility amid new tariff and trade announcements and economic uncertainty, but despite the intra-quarter volatility, quarter-over-quarter levels for interest rates and spreads showed only modest changes, the analyst tells investors in a research note. The firm sees moderately lower book values for most agency REITs and relatively stable book values for the hybrid REIT group.
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Read More on MFA:
- MFA Financial price target raised to $10 from $9.50 at UBS
- MFA Financial downgraded to Market Perform from Outperform at Keefe Bruyette
- MFA Financial initiated with a Hold at JonesResearch
- MFA Financial Approves Equity Compensation Plan at Meeting
- MFA Financial price target lowered to $10 from $12 at RBC Capital