Updated
Updated · MarketWatch · May 6
MFA Financial stock rises 2.30% and outperforms rivals
Updated
Updated · MarketWatch · May 6

MFA Financial stock rises 2.30% and outperforms rivals

7 articles · Updated · MarketWatch · May 6
  • The shares closed at $9.77 on Wednesday, snapping a two-day losing streak as the Nasdaq rose 2.02% and the Dow gained 1.24%.
  • MFA beat peers including PennyMac Mortgage Investment Trust, down 9.07%, Invesco Mortgage Capital, down 0.12%, and AGNC Investment, up 0.65%.
  • Trading volume reached 2.3 million shares, above its 50-day average of 1.4 million, while the stock remained 7.52% below its 52-week high of $10.57.
Analysts see major upside for MFA, but can it overcome its credit challenges to justify their optimism?
With rising loan defaults and a reported net loss, is MFA's impressive 14% dividend yield a dangerous trap?