Net interest margin expansion/compression driven by yield curve shape and repo funding costs
Book value per share changes from mark-to-market adjustments on MBS portfolio and hedge effectiveness
Dividend sustainability and coverage ratio (operating earnings vs. distributions)
Prepayment speeds on mortgage portfolios affecting asset reinvestment rates
moderate - Mortgage credit performance correlates with employment and housing markets, but agency MBS have government guarantees limiting credit risk. Non-agency legacy holdings carry higher cyclical sensitivity. Prepayment speeds accelerate in strong refinancing environments, forcing reinvestment at potentially lower yields. Housing market strength affects collateral values and default rates on non-agency portfolios.
Extreme sensitivity to both rate levels and curve shape. Rising short-term rates increase repo funding costs directly, compressing NIM if asset yields lag. Flattening yield curves reduce profitability of maturity transformation strategy. The company uses interest rate swaps and swaptions to hedge duration risk, but hedge effectiveness varies. Rapid rate moves cause mark-to-market volatility in book value. Falling rates can trigger prepayment waves, forcing reinvestment at lower yields.
Secular compression of agency MBS spreads due to Fed balance sheet policies and bank competition reducing available returns
Regulatory changes to GSE reform or repo market structure could alter financing availability and costs
Persistent inverted yield curve eliminating profitability of leveraged maturity transformation
dividend - Mortgage REITs attract income-focused investors seeking high current yields (typically 8-12% dividend yields). The 0.6x price-to-book ratio may appeal to value investors betting on book value recovery or special situation buyers. High volatility and complex risk profile deter passive index investors. Suitable for investors comfortable with interest rate risk management and mark-to-market accounting volatility.
No analyst coverage available for this stock.
Trend
+7.3% vs SMA 50 · +7.9% vs SMA 200
Momentum
Distribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
MFA News
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About
mfa financial, inc. is a real estate investment trust (reit) primarily engaged in the business of investment, on a leveraged basis, in a portfolio of both agency and non-agency residential mortgage-backed securities.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
MFA◀ | $10.39 | +1.37% | $1.1B | 6.1 | +21302.3% | 2019.8% | 1500 |
| $312.47 | -0.24% | $842.7B | 14.8 | +330.7% | 2039.3% | 1502 | |
| $328.03 | -0.55% | $628.8B | 28.2 | +1134.0% | 5014.5% | 1498 | |
| $495.46 | -1.48% | $438.6B | 28.4 | +1641.6% | 4564.7% | 1488 | |
| $53.24 | -0.41% | $382.1B | 12.2 | -45.1% | 1592.6% | 1501 | |
| $190.18 | -0.22% | $302.0B | 16.4 | +1147.7% | 1466.4% | 1516 | |
| $923.71 | -0.01% | $274.1B | 15.5 | -138.4% | 1373.0% | 1515 | |
| Sector avg | — | -0.22% | — | 17.4 | +3624.7% | 2581.5% | 1503 |