MFA Financial, Inc. (MFA) Stock Price & Analysis
MFA Financial, Inc. (MFA) closed at USD 6.62 on Thursday, October 22, 2026, up 2.32% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 6.47; the Oct 22, 2026 session ranged USD 6.44–6.73 on volume of 2,694,214 shares. Market capitalization is $669.20M, with a 52-week range of USD 6.38–10.43 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MFA.md
Key facts (MFA)
- Valuation: P/E 4.5x (avg 9.7x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.43 on a 1–5 scale) (7 analysts), mean target USD 13.25 (range 8–31).
- Total return with dividends: 1Y -14.6% vs S&P 500 +14.9%; 5Y -27.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.3, revenue estimate $57.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MFA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $329M | -$232M | $80.2M | $119M | $177M | $148M |
| EPS (diluted) | $2.63 | -$2.57 | $0.46 | $0.82 | $1.30 | — |
| Free cash flow | $126M | $355M | — | — | — | — |
| Cash + short-term investments | $305M | $334M | $318M | $339M | $213M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MFA)
P/E 4.5x · P/B 0.4x · Earnings yield 22.15% · Dividend yield (paid, TTM) 22.63% · Buyback yield (TTM) 3.63%
P/E at fiscal year-ends: Dec 2025 5.5x, Dec 2024 9.0x, Dec 2023 14.6x.
Analysts (MFA)
Consensus Buy (mean 2.43 on a 1–5 scale), 7 analysts; mean target USD 13.25 (low 8, high 31).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citizens | Target lowered | Market Outperform | $11 → $8 |
| 2026-10-07 | BTIG | Target lowered | Buy | $10.5 → $9.5 |
| 2026-08-20 | RBC Capital | Reiterated | Sector Perform | $10 |
| 2026-08-04 | Citizens | Target lowered | Market Outperform | $11.5 → $11 |
Total return (dividends reinvested) (MFA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.6% | -27.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.6% | -6.3% |
| Volatility (annualized) | 23.2% | 32.3% |
| Max drawdown | -32.8% (May 2026→Oct 2026) | -54.7% (Jan 2022→Oct 2022) |
MFA company outlook (results filed Aug 5, 2026)
- “Table 7 - Shock Table The information presented in the following "Shock Table" projects the potential impact of sudden parallel changes in interest rates on our portfolio, including the impact of Swaps and securitized debt and other fixed rate debt, based on the assets in our investment portfolio as of June 30, 2026.”
- “All changes in value are measured as the percentage change from the projected portfolio value under the base interest rate scenario as of June 30, 2026.”
Quoted word-for-word from the SEC 8-K results press release.
MFA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.30 | $0.33 | -9.8% | $57.2M | 4 |
| Next quarter (ends Dec 2026) | $0.32 | $0.35 | -8.6% | $57.6M | 5 |
| Current fiscal year (ends Dec 2026) | $1.05 | $1.27 | -17.5% | $232.4M | 5 |
| Next fiscal year (ends Dec 2027) | $1.38 | $1.48 | -6.2% | $234.9M | 5 |
MFA options: expected move
Options price a move of about ±11.0% (±$0.73) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 43.3% | ±11.0% |
| Jan 15, 2027 | 84 | 41.9% | ±19.3% |
| Apr 16, 2027 | 175 | 31.1% | ±18.1% |
30-day implied volatility 39.6% vs 27.6% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:03 UTC)
| Price | USD 6.62 |
|---|---|
| Change | ▲ 2.32% (up) |
| Previous Close | USD 6.47 |
| Open | USD 6.49 |
| Day Range | USD 6.44 – 6.73 |
| 52-Week Range | USD 6.38 – 10.43 |
| Volume | 2,694,214 shares |
| Market Cap | $669.20M |
| Exchange | NYQ |
Technical Analysis (MFA)
Nexqual's technical model rates MFA "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:03 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.82 (oversold) |
| vs SMA50 | Below (USD 8.1) |
| MACD | -0.49 (negative) |
Analyst Ratings (MFA)
Wall Street analysts rate MFA "Buy" based on 7 analysts, with a mean price target of USD 13.25 (range USD 8–31), per Nexqual as of October 23, 2026 at 11:03 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 13.25 |
| High Target | USD 31 |
| Low Target | USD 8 |
| Buy / Hold / Sell | 3 / 4 / 0 |
Earnings (MFA)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.3 |
| Revenue Estimate | $57.20M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.35 vs est 0.25 ▲ beat |
| 2026-03-31 | USD 0.34 vs est 0.3 ▲ beat |
| 2025-12-31 | USD 0.27 vs est 0.27 ▲ beat |
| 2025-09-30 | USD 0.2 vs est 0.27 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financials & Fundamentals (MFA)
| Total Revenue | $302.83M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +20.20% |
| Gross Margin | +87.59% |
| Operating Margin | +53.97% |
| Profit Margin | +48.95% |
| ROE | +8.24% |
| Debt / Equity | 6.57 |
| Current Ratio | 43.67 |
| Total Cash | $141.19M |
| Total Debt | $11.67B |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financial Health Score (MFA)
Nexqual rates MFA Financial, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:03 UTC.
| Growth | Solid — Revenue +14% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 88%, operating 54% (last 12 months) |
| Balance Sheet | Weak — $141M cash vs $11.7B debt |
| Cash Flow | Solid — Operating cash flow $76M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 8%, ROA 1.2% |
Ownership (MFA)
| Insider Ownership | +1.95% |
|---|---|
| Institutional Ownership | +57.15% |
| Shares Outstanding | 101.09M |
| Float | 98.61M |
| Short % of Float | +5.59% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Leadership (MFA)
MFA Financial, Inc. is led by Craig L. Knutson, CEO & Director, per Nexqual as of October 23, 2026 at 11:03 UTC.
| CEO & Director | Craig L. Knutson |
|---|---|
| President & Chief Investment Officer | Bryan Wulfsohn |
| Senior VP & CFO | Michael C. Roper |
| Senior VP & CTO | John W. Elliott |
Major Backers & Investors (MFA)
Notable institutional backers of MFA Financial, Inc. include Mirae Asset Global ETFs Holdings Ltd., Invesco, Wolverine Asset Management, LLC, according to Nexqual as of October 23, 2026 at 11:03 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mirae Asset Global ETFs Holdings Ltd. | 2.16% |
| Invesco | 1.76% |
| Wolverine Asset Management, LLC | 1.69% |
| Charles Schwab Investment Management, Inc. | 1.52% |
| FMR, LLC | 1.3% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 1.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.36% |
| Vanguard Group | 9.09% |
| Geode Capital | 2.62% |
| State Street | 2.55% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
From MFA Financial, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Partnerships
- We also own real estate (or REO), which is typically acquired as a result of the foreclosure or other liquidation of delinquent whole loans in connection with our loan investment activities. •Residential mortgage securities, including Agency MBS, Non-Agency MBS and CRT securities.
- Going forward, in connection with our current and any future investment in residential whole loans, we expect that our financing strategy will continue to include loan securitization and other forms of structured financing, subject to market conditions.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in a highly regulated industry and continually changing U.S. federal, state and local laws and regulations could materially adversely affect our business, financial condition and results of operations and our ability to pay dividends to our stockholders.
- The expanding body of federal, state and local regulations and investigations of originators and servicers may increase costs of compliance and the risks of noncompliance.
- Litigation may adversely affect our business and financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ADAM | Adamas Trust, Inc. | USD 7.73 | ▲ 3.9% |
| CIM | Chimera Investment Corporation | USD 8.45 | ▲ 2.55% |
| IVR | INVESCO MORTGAGE CAPITAL INC | USD 5.52 | ▲ 1.85% |
| ABR | Arbor Realty Trust | USD 2.96 | ▲ 2.07% |
| ARI | Apollo Commercial Real Estate F | USD 6.3 | ▼ 0.63% |
| FBRT | Franklin BSP Realty Trust, Inc. | USD 6.25 | ▲ 3.82% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:03 UTC. This page is informational and not investment advice.
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