MFA Financial Reports Better Than Expected Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/MFA'>MFA Financial (NYSE:MFA)</a> reported its Q4 results, with EPS of $0.48 coming in better than the Street estimate of $0.25. Book value per share was $14.87, which represents a quarter-over-quarter decline of 2.9%. Management commented that an overwhelming proportion of the book value decline in 2022 has been driven by rising rates rather than a deterioration in credit quality.</p>
<p>RBC Capital provided its views on the company following the results, maintaining its 2023 EPS of $1.42, and adjusting its 2024 EPS to $1.46 from $1.54. The brokerage reiterated its Sector Perform and $11 price target on the company’s shares.</p>

NYSE:MFA