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MFA Financial Inc
MFA Financial Inc (MFA) is listed on NYSE and classified in REIT - Mortgage, part of the Real Estate sector. It is headquartered in New York, United States and has 307 employees. The company is worth $669.2M and trades at 6.6x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $589.41M in fiscal 2019, up 54.5% from the year before. Net income was $378.12M. The share price is 36.5% below its 52-week high of $10.43. Its payments in the last 12 months add up to 21.75% of the share price, a level that usually comes from a one-off or liquidating payout, not a recurring dividend. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $9.26M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Last 12 months. Usually a one-off or liquidating payout, not recurring
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -61.6% over 5Y.
today you would have $705.86▼ -29.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $9.31 | $10.19 | $11.27 | $9.85 | $18.24 | $15.56 | $30.60 | $26.72 | $31.68 | $30.52 | $26.40 | $31.96 | $28.24 | $32.44 | $26.88 | $32.64 | $29.40 | $23.56 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 21.8% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 9.6 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ADAMAdamas Trust Inc | $7.64 | 4.5x | 0.7x | 15.71% | 16.44% | $686.68M |
| FPHFive Point Holdings, LLC | $4.35 | 6.1x | 0.4x | 0.00% | 5.99% | $643.38M |
| AGNTAGNT, Inc. | $4.17 | — | 2.5x | 4.80% | -6.89% | $696.88M |
| CLDTChatham Lodging Trust | $14.25 |
| P/E | 9.6x | 7.2x | 12.4x | 24.5x | — | 6.9x | — | 9.7x | 9.8x | 10.0x | 9.5x | 8.2x | 9.9x | 9.1x | 9.8x | 7.5x | 8.8x | 6.9x | 28.0x |
| P/S | 7.6x | — | — | — | — | — | — | 5.9x | 7.9x | 8.0x | 7.6x | 6.7x | 8.2x | 7.6x | 8.3x | 6.7x | 7.4x | 6.7x | — |
| P/B | 0.9x | 0.5x | 0.6x | 0.6x | 0.5x | 0.8x | 0.7x | 1.0x | 0.9x | 1.0x | 0.9x | 0.8x | 0.9x | 0.8x | 0.9x | 1.0x | 1.0x | 0.9x | — |
| EPS | $1.30 | $0.82 | $0.46 | -$2.57 | $2.63 | -$6.28 | $3.16 | $2.72 | $3.16 | $3.20 | $3.20 | $3.24 | $3.12 | $3.32 | $3.60 | $3.72 | $4.24 | $0.84 |
| Dividend yield | 12.05% | 15.47% | 13.74% | 12.42% | 16.95% | 8.44% | 8.35% | 10.46% | 11.98% | 10.10% | 10.48% | 12.12% | 10.01% | 23.23% | 10.85% | 14.96% | 10.91% | 13.47% | 13.75% |
| Payout | 103.64% | 110.77% | 170.73% | 304.35% | — | 58.56% | — | 101.27% | 117.65% | 101.27% | 100.00% | 100.00% | 98.77% | 210.26% | 106.02% | 111.67% | 95.70% | 93.40% | 385.71% |
| Profit margin | 86.12% | — | — | — | — | — | — | 64.15% | 79.12% | 81.76% | 83.90% | 85.50% | 87.38% | 88.85% | 87.89% | 88.34% | 87.48% | 86.75% | 65.67% |
| ROE | 9.73% | 9.67% | 6.47% | 4.22% | -11.64% | 12.93% | -26.91% | 11.17% | 8.83% | 9.88% | 10.31% | 10.56% | 9.79% | 9.63% | 9.27% | 12.67% | 11.99% | 12.37% | 3.64% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 11.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+133.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 178.1x |
| 0.9x |
| 2.81% |
| 1.57% |
| $697.75M |
| CIMChimera Investment Corp | $8.45 | — | 0.3x | 21.30% | 0.05% | $706.81M |
| STRWStrawberry Fields REIT, Inc. | $12.86 | 19.8x | 21.9x | 5.29% | 72.67% | $726.84M |