MFA FinancialNYSE: MFA

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA reports on key findings from its latest analysis of the NAIC's SHCE data, focusing on performance within the Individual and Small Group segments.

MFA Financial operates as a real estate investment trust in the US, investing in residential mortgage assets.  The company has a strong financial position, with ample cash and stockholder's equity. MFA Financial recently issued a second Note that does not mature until 2029, making it ideal for long-term fixed income investors willing to accept some risks. In this article, I briefly review the issuer and both Notes, MFAN and MFAO.  I give both a Hold rating as the spread against a 5-year CD is only 300bps.

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE: MFA) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share of common stock. The dividend will be paid on July 31, 2024, to common stockholders of record on June 28, 2024. MFA Financial, Inc. is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Through its wholly-owned subsidiary Lima One C.

MCMURRAY, Pa.--(BUSINESS WIRE)--MFA provides an overview of the 2023 Medicare Supplement market with insights about competitive positioning and standardized plan type preferences.

MFA Financial offers a high dividend yield of 13% and trades at a historically large discount to book value. The company has made changes to its strategy, including acquiring Lima One and focusing on loan origination. While there are concerns about interest spreads and missing out on buybacks, MFA is making progress and isn't bad to hold it if you've got it.

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE: MFA) (the “Company”) announced today that its Board of Directors has declared the payment of dividends on the Company's outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”). In accordance with the terms of the Series B Preferred Stock, the Board of Directors has declared a preferred sto.

We review the performance of preferred stocks and baby bonds during the fourth week of April and discuss the main trends we are monitoring. While most preferred sectors saw gains during the week, the overall market was down for the month. MFA's 9% bond debuted and saw a strong start, rallying immediately.

We review the performance of preferreds and baby bonds in the third week of April and discuss some important trends we are monitoring. All preferred sectors have seen a decrease in value, with utilities and energy sectors showing slightly better performance. The yield of mortgage REIT preferred CIM.PR.B has been affected by a new coupon, making it difficult to assess the preferred until the first floating-rate coupon is distributed.

MFA Financial has struggled with the Federal Reserve's restrictive rate policy, leading to a decline in profitability. MFA stock has seen a significant increase in assets and leverage, as it seeks to invest in more loans. The Company's bet on interest rates stabilizing or declining creates risk, but the baby bond is safer compared to the common and preferred shares.