Mfa Financial Stock Price, News & Analysis

MFA Financial, Inc. reported a GAAP loss of $(91.1) million or ($0.86) per share for Q1 2022. Despite this, Distributable Earnings were $66.0 million or $0.62 per share. The GAAP book value per share decreased to $17.84, while Economic book value fell to $18.81. The company experienced net interest income of $63.1 million, with a net interest spread of 1.96%. MFA completed two securitizations totaling $1.08 billion during the quarter, enhancing liquidity. The CEO acknowledged the challenges posed by rising interest rates but noted the company's proactive risk management measures.

MFA Financial, Inc. (NYSE: MFA) will host a live audio webcast of its investor conference call on May 4, 2022, at 10:00 a.m. ET to discuss its first quarter 2022 financial results. The earnings announcement will precede the call. The webcast can be accessed on the company’s website under 'Webcasts & Presentations'. Audio presentation materials will be available prior to the call and a replay will follow. MFA Financial specializes in investing in and financing residential mortgage assets, including whole loans and mortgage-backed securities.

MFA Financial, Inc. (NYSE: MFA) has successfully completed a 1-for-4 reverse stock split, effective April 4, 2022. This reduces its outstanding shares from approximately 420 million to about 105 million. Despite the split, the dividend payment of $0.11 per share remains unchanged and is scheduled for April 29, 2022. Shareholders will receive cash for any fractional shares resulting from the split. The company reassures investors that their ownership percentage remains largely unaffected.

MFA Financial, Inc. (NYSE: MFA) has announced a 1-for-4 reverse stock split effective April 4, 2022. This corporate action will reduce each stockholder's number of shares by a factor of four, while preserving ownership percentages. Trading on a post-split basis is expected to commence on April 5, 2022. The reverse split will not impact the upcoming dividend of $0.11 per share, payable on April 29, 2022, to stockholders recorded before the split. Stockholders will receive cash for any fractional shares instead of issuing them.

MFA Financial, Inc. (NYSE: MFA) declared a cash dividend of $0.11 per share for Q1 2022, payable on April 29, 2022, to stockholders of record by March 22, 2022. Additionally, the Board authorized a new share repurchase program allowing for the buyback of up to $250 million in common stock through the end of 2023, replacing the previous program with $25.6 million remaining. Repurchases will depend on market conditions and may occur via various methods, funded by cash balances and future investment portfolio run-off.

MFA Financial reported a fourth quarter 2021 net income of $35.9 million, or $0.08 per share, with a GAAP book value of $4.78 and an economic book value of $5.15 per share. Net interest income rose 13% to $70.1 million, driven by successful asset acquisitions and record origination volumes at Lima One. The company completed $937 million in securitizations and repurchased 8.5 million shares. However, market volatility led to unrealized losses of approximately $42.6 million in residential whole loans. The total shareholder return for 2021 was 27.6%.

MFA Financial, Inc. has declared dividends for its preferred stock for Q1 2022. A $0.46875 per share dividend will be paid on the 7.50% Series B Cumulative Redeemable Preferred Stock, with payment scheduled for March 31, 2022. The record date for shareholders is March 1, 2022. Additionally, a $0.40625 per share dividend will be issued for the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on March 31, 2022, to shareholders recorded by March 1, 2022.

MFA Financial, Inc. (NYSE: MFA) is set to hold a live audio webcast on February 23, 2022, at 10:00 a.m. ET to discuss its fourth quarter 2021 financial results. The financial results will be announced earlier that day. Investors can access the webcast by visiting MFA's official website. Participants are advised to log in at least 15 minutes before the call to ensure proper setup. Additionally, earnings presentation materials will be available on the website before the call, with an audio replay accessible afterward.

MFA Financial, Inc. (NYSE: MFA) has elected Sheila A. Stamps to its Board of Directors, effective immediately. The appointment increases the board's total to eight members, with seven being independent and four women. She brings a wealth of experience in strategy, business development, and risk management, previously serving on boards including Atlas Air and Pitney Bowes. Stamps also has a strong background in finance, having held significant positions at Bank of America and the New York State Insurance Fund. This change aims to enhance the governance and strategic direction of MFA.