Mfa Financial Stock Price, News & Analysis

MFA Financial, Inc. (NYSE: MFA) has announced dividends for its preferred stock for Q4 2021. The Board declared a dividend of $0.46875 per share for the 7.50% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share for the 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Both dividends are payable on December 31, 2021, to stockholders on record as of December 1, 2021. This highlights the company's ongoing commitment to providing returns to its investors.

MFA Financial, Inc. reported a net income of $124.3 million for Q3 2021, translating to $0.28 per basic share. This includes $43.9 million from the acquisition of Lima One Capital. The GAAP book value per share rose to $4.82, while the economic book value reached $5.27. The company recorded a 15% increase in net interest income, totaling $61.8 million, driven by significant loan acquisitions, including $2 billion in loans, the highest in its history. A regular cash dividend of $0.10 per share was paid on October 29, 2021.

MFA Financial, Inc. (NYSE: MFA) will hold a live audio webcast on November 5, 2021, at 10:00 a.m. ET to discuss its third quarter 2021 financial results. The earnings results will be announced earlier that day. Investors can access the webcast via the MFA website. Additionally, earnings presentation materials will be available prior to the call, and an audio replay will be posted afterward. MFA specializes in investing in residential mortgage assets and financing through its subsidiaries.

StoicLane announced a $175 million strategic investment in Interfirst Mortgage Company, a tech-enabled mortgage originator. This partnership is aimed at reducing upfront fees, cutting interest costs, and simplifying the mortgage process through advanced technology and AI. StoicLane's involvement is expected to accelerate Interfirst's growth, innovation, and technology development in the fragmented mortgage industry. The investment also enhances the board with notable financial leaders.

MFA Financial, Inc. (NYSE: MFA) has declared a cash dividend of $0.10 per share for the third quarter of 2021. This dividend will be paid on October 29, 2021 to stockholders of record as of September 30, 2021. MFA is a specialty finance company focused on investing in residential mortgage assets, including whole loans and mortgage-backed securities. As an internally-managed real estate investment trust, MFA also originates and services business purpose loans for real estate investors, enhancing its diversified investment strategy.

MFA Financial, Inc. (NYSE: MFA) announced a dividend declaration for its 7.50% Series B and 6.50% Series C Preferred Stock. The Series B dividend is set at $0.46875 per share, payable on September 30, 2021, to stockholders of record as of September 8, 2021. The Series C dividend will be $0.40625 per share, also payable on September 30, 2021, to stockholders of record as of September 8, 2021. MFA Financial focuses on investing in residential mortgage assets and is an internally-managed REIT.

MFA Financial reported a net income of $58.5 million, or $0.13 per share, for Q2 2021. The cash dividend increased by 33% to $0.10 per share. GAAP book value was $4.65 and economic book value rose to $5.12. Net interest income surged 16% to $59 million, with interest expense down 15%. MFA completed significant securitizations, lowering funding rates by about 200 bps. The acquisition of Lima One is expected to enhance business purpose loan capabilities.

MFA Financial, Inc. (NYSE: MFA) will hold a live audio webcast of its investor conference call on August 5, 2021, at 10:00 a.m. (ET). This call will discuss the company’s second quarter 2021 financial results, which will be released that same day. The webcast can be accessed via MFA's website, and a replay will be available afterward. MFA primarily invests in residential mortgage assets, including residential whole loans and mortgage-backed securities.

MFA Financial, Inc. (NYSE: MFA) has successfully completed its acquisition of Lima One Holdings, LLC from affiliates of Magnetar Capital and certain management members. This acquisition grants MFA full ownership of Lima One, a leading provider of business purpose loans for real estate investors with over $3 billion funded since 2010. Lima One's executive team will remain in place, continuing operations from Greenville, South Carolina. The transaction is strategically significant as it enhances MFA's investment portfolio in the residential mortgage sector.