MFA Financial stock rallies 1.37% and outperforms competitors
Updated
Updated · MarketWatch · May 1
MFA Financial stock rallies 1.37% and outperforms competitors
6 articles · Updated · MarketWatch · May 1
Shares closed at $10.39, marking a second straight gain, as the Nasdaq rose 0.89% to 25,114.44 and the Dow fell 0.31% to 49,499.27.
MFA ended 1.66% below its 52-week high of $10.57 reached on 5 September. PennyMac rose 1.23%, Invesco Mortgage Capital gained 2.46%, while AGNC Investment fell 0.73%.
Trading volume was 1.2 million shares, 156,345 below its 50-day average of 1.4 million, suggesting the advance came on lighter-than-usual activity during a mixed market session.
What hidden risk is causing MFA's stock to trade so far below its book value?
Is MFA's 14% dividend a lucrative opportunity or an unsustainable trap for investors?