MFA Financial Inc reports results for the quarter ended June 30 - Earnings Summary
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MFA Financial Inc reported adjusted earnings of 24 cents per share for the quarter ended June 30, down from 44 cents a year ago and below the analyst expectation of 30 cents. Revenue increased by 14.6% to $61.28 million, surpassing the expected $54.16 million. The company’s reported EPS was 21 cents, with a net income of $22.62 million. Shares fell 3.1% this quarter and 10% year-to-date. Analysts maintain a "hold" rating, with a median 12-month price target of $10.00, 8.3% above the last closing price of $9.17.
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