Citizens JMP has adjusted its price target for MFA Financial (MFA, Financial), reducing it slightly from $12.50 to $12. However, the firm maintains an Outperform rating on the stock. This change is part of a broader adjustment of price targets across several agency-focused and hybrid/credit mortgage Real Estate Investment Trusts (REITs).
The updated price target comes as the residential mortgage REIT sector prepares for the Q1 earnings season, which is set to begin before the market opens on Monday, April 21. These adjustments reflect the firm's anticipation of how these financial entities will perform in the upcoming earnings reports.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for MFA Financial Inc (MFA, Financial) is $11.42 with a high estimate of $13.00 and a low estimate of $8.50. The average target implies an upside of 32.29% from the current price of $8.63. More detailed estimate data can be found on the MFA Financial Inc (MFA) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, MFA Financial Inc's (MFA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MFA Financial Inc (MFA, Financial) in one year is $14.31, suggesting a upside of 65.82% from the current price of $8.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MFA Financial Inc (MFA) Summary page.
