Overview
Specialty finance firm's Q4 adjusted EPS met analyst expectations
Adjusted net income for Q4 missed analyst estimates
Company announced a new $200 mln stock repurchase program
Outlook
Company announces new $200 mln stock repurchase program through 2028
Company did not provide specific guidance for future quarters
Result Drivers
LOAN ACQUISITIONS - MFA acquired $1.2 bln of Agency MBS and $443 mln of Non-QM loans in Q4, contributing to portfolio growth
COST MANAGEMENT - Co reduced operating expenses and resolved non-performing loans, enhancing economic return
LIMA ONE CONTRIBUTION - Lima One funded $145.3 mln of new business purpose loans, generating $5.7 mln in mortgage banking income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | Meet | $0.27 | $0.27 (6 Analysts) |
Q4 Adjusted Net Income | Miss | $27.80 mln | $33.68 mln (4 Analysts) |
Q4 Net Income | $43.60 mln | ||
Q4 Dividend | $0.36 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for MFA Financial Inc is $10.38, about 4.6% above its February 17 closing price of $9.92
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw6Yf4Ga
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)