MFA Financial, Inc. (MFA) AI Stock Analysis

MFA Financial, Inc. operates as a real estate investment trust alongside its subsidiaries, investing in residential mortgage assets. Its portfolio includes non-agency mortgage-backed securities (MBS), agency MBS, and credit risk transfer securities. The company also acquires residential whole loans, covering performing, credit-deteriorated, and non-performing loans, in addition to assets related to mortgage servicing rights. To maintain its REIT tax-efficient structure and avoid federal income taxes, the company distributes at least 90% of its taxable income to shareholders. Founded in 1997 and based in New York, MFA Financial employed 307 people.

MFA Financial's top line has shown substantial fluctuation, reporting revenue of $488.3M in FY2021 before shifting to -$67.6M in FY2022. Revenue recovered to $234.0M in FY2023, increased 19.5% to $279.6M in FY2024, and grew 213.0% to $875.2M in FY2025. Annual net income was $176.8M in FY2025 with an EPS of $0.95, down from $1.55 in FY2024. For the trailing twelve months, revenue reached $302.8M with a profit margin of 48.9%. In the latest quarter ended June 30, 2026, quarterly revenue grew 20.2% year-over-year while quarterly earnings expanded 61.9%.

As of June 30, 2026, MFA Financial held $141.2M in cash and short-term investments alongside total assets of $13.65B. Total debt was $11.65B, resulting in net debt of $11.51B and a debt-to-equity ratio of 6.56 against shareholders' equity of $1.78B. The company recorded a current ratio of 333.16. In FY2025, operating cash flow and free cash flow both stood at $76.2M. For that same fiscal year, the company allocated $15.3M toward share buybacks and paid $40.3M in dividends, reducing its share count by 11.3% over five years.

MFA Financial trades at a trailing price-to-earnings ratio of 6.5x and a forward P/E of 6.2x, below the median of its US-listed Real Estate peers at 21.6x trailing and 23.5x forward. Its price-to-sales multiple is 2.2x compared to the peer median of 3.7x, while its price-to-book ratio is 0.5x. Over the past year, the stock fell 14.2%, trailing the S&P 500 (SPY) return of 16.8%. Over a five-year period, the shares dropped 28.2% compared to an 83.0% gain for the benchmark.

MFA Financial pays a quarterly dividend with an annualized forward payout of $1.44 per share, translating to a dividend yield of 21.85%. The company has paid consecutive dividends for 29 years, posting a 5-year annualized dividend growth rate of 2.1%. Its payout ratio stands at 128.6%, and the most recent ex-dividend date was October 5, 2026.

Wall Street analyst coverage includes 2 Strong Buy, 1 Buy, and 4 Hold recommendations. The mean price target is $13.25, representing a 101.1% premium over the last close of $6.59. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $232.4M and EPS of $1.05, representing 4.6% earnings growth. Over the last four quarters, MFA beat EPS estimates 2 times. The next earnings announcement is scheduled for November 4, 2026.

This page is an AI-written research summary of MFA Financial, Inc. (MFA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MFA income statement, MFA balance sheet, MFA key metrics, MFA analyst forecast, MFA chart. See the MFA stock overview for the latest quote and news.