Janney Montgomery Scott initiated coverage of MFA Financial (MFA) with a Buy rating and $14 price target The firm is positive on the company’s position as a leader in the mortgage sector with a diversified investment portfolio and the capacity and flexibility to invest across the mortgage market. Janney adds that MFA shares are trading at a steep discount to current book value per share while forecast mid-single-digit growth in book value per share and multiple expansion toward economic book value.
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Read More on MFA:
- MFA Financial Reports Strong Q3 2024 Earnings
- MFA Financial Reports Strong Q3 2024 Results
- MFA Financial reports Q3 EPS 37c, consensus 41c
- Is MFA a Buy, Before Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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