MFA Financial price target raised to $13.50 from $12.50 at JMP Securities

JMP Securities raised the firm’s price target on MFA Financial to $13.50 from $12.50 and keeps an Outperform rating on the shares. JMP still considers MFA Financial to be one of the best current value stories in the entire residential mortgage REIT space, the analyst tells investors in a research note. The firm continues to see MFA weathering this elevated rate environment comparatively well and being uniquely poised for an expected loosening of rate policy and corresponding lowering of funding costs.