MFA Financial: 8.875% Baby Bond Is Good Choice For Income [Seeking Alpha]
MFA Financial, Inc. (MFA)
Last mfa financial, inc. earnings: 2/20 08:30 am
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US:NYSE Investor Relations:
mfafinancial.com
Company Research
Source: Seeking Alpha
MFA stock has seen a significant increase in assets and leverage, as it seeks to invest in more loans. The Company's bet on interest rates stabilizing or declining creates risk, but the baby bond is safer compared to the common and preferred shares. MFA Financial, Inc. ( NYSE: MFA ) is an mREIT that invests in loans and mortgages by utilizing leverage to earn income. The company has been challenged by the restrictive rate policy of the Federal Reserve. Last year, I wrote about MFA's convertible note that was offering a high-yield return. Since then, the company has issued a new baby bond ( NYSE: MFAN ) offering an 8.875% coupon maturing in 2029 that, I believe, is the best income investment between its common, preferred, and debt securities. MFA Financial has seen its profitability erode in the face of higher interest rates over the last couple of years. While interest income has risen from $362 million in 2021 to $605 million in 2023, interest expenses have exploded by 3.5 tim
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MFA
News
- MFA Financial, Inc. (NYSE: MFA) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $12.50 price target on the stock.MarketBeat
- MFA Financial, Inc. Announces Pricing of Public Offering of Senior NotesBusiness Wire
- MFA Financial, Inc. Plans Live Audio Webcast of First Quarter 2024 Earnings Conference CallBusiness Wire
- MFA Financial, Inc. Announces Dividend of $0.35 per ShareBusiness Wire
- MFA Financial, Inc. Announces New Stock Repurchase and ATM Programs [Yahoo! Finance]Yahoo! Finance
MFA
Earnings
- 2/22/24 - Beat
MFA
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- MFA's page on the SEC website