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MFA

MFA Financial, Inc.

5/20/2013, 10:03 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 10, 2:39 PM Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). 12 Comments [Financials, On the Move]
Friday, May 3, 7:25 AM A check of some other mortgage REITs premarket after AGNC reported a big loss in Q1: NLY -1%, IVR -0.4%, HTS -0.7%, CYS -0.7%, MFA -0.3%, CMO -2.3%, DX -1.8%, WMC -3.3%.
3 Comments [Financials, On the Move]
Wednesday, May 1, 8:45 AM More on MFA Financial (MFA) Q1 earnings: Book value/share of $8.84, on its face down from $8.99 on Dec. 31, but the company paid a $0.50 special dividend in March, so book value is actually on the rise as the company's non-agency portfolio appreciates. Lower LTV ratios on mortgages in the non-agency portfolio (thanks to home price increases and amortization) allows company to reduce estimate of future losses and transfer another $34.5 out of the credit reserve. Conference call at 10 ET. (PR) Comment! [Earnings, Financials]
Wednesday, May 1, 8:34 AM MFA Financial (MFA): Q1 EPS of $0.20 misses by $0.01. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
Tuesday, April 16, 4:45 PM MFA Financial (MFA) lowers its interest bill, announcing the May 16 redemption of all 3.84M shares of its 8.5% preferred stock for $25.27 (includes accrued and unpaid dividends). The funds for the redemption will come from the company's recent issuance of 7.5% preferred. (PR) 1 Comment [Financials]
Thursday, March 28, 10:36 AM MFA Financial (MFA) declares $0.22/share quarterly dividend. For shareholders of record Apr. 12. Payable Apr. 30. Ex-div date Apr. 10. (PR) 3 Comments [Dividends]
Thursday, March 28, 10:10 AM There's a dividend hike in the mREIT sector with MFA Financial (MFA) raising its quarterly payout to $0.22 from $0.20 last quarter. The hybrid-REIT's investments in non-agency MBS paid off with a big jump in book value last year carrying over into 2013. 3 Comments [Financials]
Wednesday, March 6, 3:47 PM MFA Financial (MFA) revised record date to Mar. 18 for the special dividend declared on Mar. 04. (PR) Comment! [Dividends]
Wednesday, March 6, 8:42 AM More on MFA Financial (MFA) Q4 earnings: Book value/share of $8.99, up $0.19 from Q3 and up $2.25 from a year ago, thanks to investments in non-agency MBS. Updates book value as of Jan. 31 to $9.40. Estimated future losses on non-agency portfolio lowered by $81M, thanks to home price appreciation and continued amortization. Shares +0.9% premarket. (PR) Comment! [Earnings, Financials]
Wednesday, March 6, 8:37 AM MFA Financial (MFA): Q4 EPS of $0.20 in-line. (PR) Comment! [Earnings, Breaking News, Financials]
Monday, March 4, 9:33 AM MFA Financial (MFA) gains 1.4% after figuring out prior periods' income exceeded distributions paid to shareholders. The company declares a $0.50 special dividend and updates its book value to $9.40 on Jan. 31 from $8.99 a month earlier. (PR) 1 Comment [Financials, On the Move]
Tuesday, February 26, 12:05 AM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Monday, February 25, 5:30 PM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Thursday, February 14, 12:05 AM Notable earnings before Thursday’s open: ABB, ABX, ALXN, ANR, APA, BGCP, BWA, CAB, CRIS, CVE, DISCA, DTV, DVA, DWRE, ECA, GELG, GM, GNC, GNRC, INCY, JAH, LNT, LUFK, MFA, NGLS, NRF, O, OAK, PDS, PEP, PPL, REGN, SHPG, STRA, TAP, UTHR, VMC, WM, ZIP Comment! [Earnings]
Wednesday, February 13, 5:30 PM Notable earnings before Thursday’s open: ABB, ABX, ALXN, ANR, APA, BGCP, BWA, CAB, CRIS, CVE, DISCA, DTV, DVA, DWRE, ECA, GELG, GM, GNC, GNRC, INCY, JAH, LNT, LUFK, MFA, NGLS, NRF, O, OAK, PDS, PEP, PPL, REGN, SHPG, STRA, TAP, UTHR, VMC, WM, ZIP Comment! [Earnings]