Will MFA Financial (MFA) reach $8 in the next year?
What’s up with MFA Financial?
MFA Financial (MFA) opened at $1.73, which means the stock is up 6.10% from yesterday’s closing price of 1.66. Today, the company has a high of $1.79 and a low of $1.71. The company has a market cap of $806.55 million with a 52-week high of $8.09 and a 52-week low of $0.32.
What about the future for MFA Financial?
The high forecast for MFA Financial is $8.25 while the low is $1.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. MFA Financial has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy. Based on this information MFA seems to be a risky buy.
About MFA Financial
MFA Financial, Inc. operates as a real estate investment trust, which engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, non-agency mortgage-backed securities, and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.