MFA Financial Price Target Reduced to $10 at RBC Capital
<p>RBC Capital analysts lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/MFA'>MFA Financial, Inc. (NYSE:MFA)</a> to $10 from $13, driven by a downwardly revised BVPS estimate due to MBS spread widening and a lower than previous target multiple given the macro backdrop.</p>
<p>The analysts updated their estimates based on revised assumptions on funding costs and asset yields, due to recent market conditions. 2022 distributable earnings per share estimate were revised to $2.01 (from $2.03 previously) and the 2023 distributable earnings per share estimate were revised to $1.83 (from $1.90 previously).</p>
<p>Their revised 2022 book value per share estimate was moved to $15.14 (from $16.21 previously) and includes an assumption for a roughly 7% negative impact from widening mortgage spreads.</p>

NYSE:MFA