FBR Capital Reiterates an 'Outperform' on MFA Mortgage (MFA); Song Remains the Same Following Capital Raise
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Price: $9.11 -0.55%
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital reiterates an 'Outperform' on MFA Mortgage (NYSE: MFA), PT $9.
FBR analyst says, "We reiterate our rating and price target in light of what we believe to be unwarranted recent relative weakness in the share price. Following the pricing of 65M shares at $8.20 in a secondary offering in the first week of the month, the stock has struggled to regain its footing. We see no reason for this to occur, considering our thesis has not changed on MFA. We continue to believe that MFA's flexible business model between agency and non-agency MBS is optimally positioned to create attractive risk-adjusted total return, especially in the current operating environment."
For more ratings news on MFA Mortgage click here and for the rating history of MFA Mortgage click here.
Shares of MFA Mortgage closed at $8.21 yesterday.
FBR analyst says, "We reiterate our rating and price target in light of what we believe to be unwarranted recent relative weakness in the share price. Following the pricing of 65M shares at $8.20 in a secondary offering in the first week of the month, the stock has struggled to regain its footing. We see no reason for this to occur, considering our thesis has not changed on MFA. We continue to believe that MFA's flexible business model between agency and non-agency MBS is optimally positioned to create attractive risk-adjusted total return, especially in the current operating environment."
For more ratings news on MFA Mortgage click here and for the rating history of MFA Mortgage click here.
Shares of MFA Mortgage closed at $8.21 yesterday.
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