Wunderlich Securities raised its MFA Financial MFA price target from $8.00 to $8.25 in a research report published today.
In the report, Wunderlich Securities states, "MFA Financial (MFA) reported 4Q10 core EPS a penny light of our expectations, coming in at $0.22 for the quarter and $0.86 for the year. The dividend, based on taxable earnings, exceeded GAAP earnings by about $0.03 per share. We are raising our 2011 estimate because we expect the company will gradually increase financial leverage. However, we believe MFA's risk-adjusted returns could continue to lag those of other mortgage REITs."
Shares of MFA Financial were at $8.26 in pre-market trading at the time of posting, down 0.72% from Monday's market close.
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