MFA Financial (MFA)
Market Price (3/30/2026): $9.45 | Market Cap: $973.9 MilSector: Financials | Industry: Mortgage REITs
MFA Financial (MFA)
Market Price (3/30/2026): $9.45Market Cap: $973.9 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 33%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 30%, FCF Yield is 7.8% | Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -3.1% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 656% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26% | Key risksMFA key risks include [1] elevated loan delinquencies and potential credit losses in its portfolio, Show more. | |
| Low stock price volatilityVol 12M is 29% | ||
| Megatrend and thematic driversMegatrends include Future of Housing & Real Estate. Themes include Residential Real Estate Investment, Mortgage Finance, and Real Estate Debt & Credit. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 33%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 30%, FCF Yield is 7.8% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Future of Housing & Real Estate. Themes include Residential Real Estate Investment, Mortgage Finance, and Real Estate Debt & Credit. |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -3.1% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 656% |
| Key risksMFA key risks include [1] elevated loan delinquencies and potential credit losses in its portfolio, Show more. |
Qualitative Assessment
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1. Persistent Dividend Payout with High Payout Ratio: MFA Financial consistently declared a quarterly cash dividend of $0.36 per share, maintaining an annualized dividend of $1.44 throughout the period. While this high dividend (yielding around 14.3% - 14.59%) typically attracts investors, the payout ratio was elevated at 111.63% based on recent earnings, indicating that the dividend was not fully covered by distributable earnings of $0.27 per share in Q4 2025. This unsustainability creates investor caution, limiting significant upward stock movement.
2. Mixed Fourth Quarter 2025 Financial Results and Modest Book Value Growth: For the fourth quarter ended December 31, 2025, MFA Financial reported GAAP net income of $0.42 per basic common share and distributable earnings of $0.27 per basic common share, aligning with analyst estimates. The company's revenue of $55.48 million surpassed expectations of $54.82 million. However, GAAP book value per common share increased modestly to $13.20, and economic book value to $13.75, at year-end 2025. This modest growth, despite some positive earnings beats, suggests that fundamental improvements were not significant enough to break the stock out of its trading range.
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Stock Movement Drivers
Fundamental Drivers
The 1.9% change in MFA stock from 11/30/2025 to 3/29/2026 was primarily driven by a 19.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.26 | 9.44 | 1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 250 | 299 | 19.5% |
| Net Income Margin (%) | 51.4% | 59.2% | 15.3% |
| P/E Multiple | 7.5 | 5.5 | -26.4% |
| Shares Outstanding (Mil) | 104 | 103 | 0.6% |
| Cumulative Contribution | 1.9% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MFA | 1.9% | |
| Market (SPY) | -5.3% | 42.3% |
| Sector (XLF) | -10.0% | 36.5% |
Fundamental Drivers
The -0.1% change in MFA stock from 8/31/2025 to 3/29/2026 was primarily driven by a -27.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.45 | 9.44 | -0.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 255 | 299 | 17.2% |
| Net Income Margin (%) | 50.4% | 59.2% | 17.4% |
| P/E Multiple | 7.6 | 5.5 | -27.9% |
| Shares Outstanding (Mil) | 104 | 103 | 0.6% |
| Cumulative Contribution | -0.1% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MFA | -0.1% | |
| Market (SPY) | 0.6% | 37.1% |
| Sector (XLF) | -10.8% | 36.1% |
Fundamental Drivers
The 3.0% change in MFA stock from 2/28/2025 to 3/29/2026 was primarily driven by a 25.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.16 | 9.44 | 3.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 253 | 299 | 18.1% |
| Net Income Margin (%) | 47.2% | 59.2% | 25.5% |
| P/E Multiple | 8.0 | 5.5 | -30.9% |
| Shares Outstanding (Mil) | 104 | 103 | 0.6% |
| Cumulative Contribution | 3.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MFA | 3.0% | |
| Market (SPY) | 9.8% | 56.3% |
| Sector (XLF) | -7.1% | 51.0% |
Fundamental Drivers
The 32.6% change in MFA stock from 2/28/2023 to 3/29/2026 was primarily driven by a -1.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.12 | 9.44 | 32.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -85 | 299 | -453.0% |
| P/S Multiple | -8.6 | 3.3 | -138.0% |
| Shares Outstanding (Mil) | 102 | 103 | -1.2% |
| Cumulative Contribution | 32.6% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MFA | 32.6% | |
| Market (SPY) | 69.4% | 51.8% |
| Sector (XLF) | 40.5% | 48.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MFA Return | 28% | -37% | 31% | 3% | 6% | 5% | 19% |
| Peers Return | 16% | -20% | 20% | 4% | 22% | -6% | 34% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| MFA Win Rate | 58% | 42% | 50% | 58% | 50% | 67% | |
| Peers Win Rate | 55% | 50% | 53% | 60% | 63% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MFA Max Drawdown | -6% | -55% | -11% | -7% | -17% | 0% | |
| Peers Max Drawdown | -4% | -33% | -17% | -9% | -6% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AGNC, NLY, RITM, STWD, BXMT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | MFA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.3% | -25.4% |
| % Gain to Breakeven | 158.2% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -95.5% | -33.9% |
| % Gain to Breakeven | 2130.6% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -22.6% | -19.8% |
| % Gain to Breakeven | 29.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.0% | -56.8% |
| % Gain to Breakeven | 150.0% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to AGNC, NLY, RITM, STWD, BXMT
In The Past
MFA Financial's stock fell -61.3% during the 2022 Inflation Shock from a high on 1/12/2022. A -61.3% loss requires a 158.2% gain to breakeven.
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About MFA Financial (MFA)
AI Analysis | Feedback
- BlackRock for residential mortgage debt.
- Vanguard, but its portfolio is solely residential mortgages and mortgage-backed securities.
- Prologis (a major real estate REIT), but for residential mortgage debt instead of physical properties.
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- Non-agency Mortgage-Backed Securities (MBS): Investments in securities backed by residential mortgages that do not carry a government guarantee.
- Agency Mortgage-Backed Securities (MBS): Investments in securities backed by residential mortgages that are guaranteed by government-sponsored enterprises.
- Credit Risk Transfer Securities: Investments in securities that transfer credit risk associated with residential mortgages from government-sponsored enterprises to private investors.
- Residential Whole Loans: Direct investments in entire residential mortgage loans, including those that are performing, credit-deteriorated, or non-performing.
- Mortgage Servicing Rights Related Assets: Investments in assets derived from the right to collect mortgage payments and manage the administrative aspects of mortgage loans.
AI Analysis | Feedback
MFA Financial, Inc. (MFA) operates as a real estate investment trust (REIT) that invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, credit risk transfer securities, residential whole loans, and mortgage servicing rights related assets.
As an investment company, MFA Financial's business model is centered on generating income from the interest earned on its portfolio of these assets. It does not sell products or services to direct customers in the traditional sense of a customer-vendor relationship.
Therefore, MFA Financial does not have "major customers" in the way that companies selling goods or services do. Its revenue is derived from its investment activities and the performance of its asset portfolio.
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Craig L. Knutson Chief Executive Officer and Director
Mr. Knutson has served as Chief Executive Officer of MFA Financial since August 2017. Prior to this, he held roles within MFA as President and Chief Operating Officer from January 2014 to July 2017, and Executive Vice President from 2008 to 2013. He began his career as an Analyst and then Associate in the Investment Banking Department of E.F. Hutton & Company Inc.
Michael C. Roper Chief Financial Officer
Mr. Roper was appointed Chief Financial Officer of MFA Financial in 2023. Before becoming CFO, he served as Chief Accounting Officer from 2021 to 2023 and has held various accounting and financial reporting positions since joining MFA in 2014. Earlier in his career, Mr. Roper was the Assistant Controller for Apollo Residential Mortgage, Inc. He started his career at Ernst & Young LLP, primarily focusing on providing client services to publicly traded mortgage REITs.
Bryan Wulfsohn President and Chief Investment Officer
Mr. Wulfsohn assumed the role of President of MFA Financial in September 2024 and also serves as Chief Investment Officer. He joined MFA in 2010. Prior to MFA, he was a Senior Financial Analyst at Inland Western Real Estate Trust, Inc. from 2008 to 2010, where he focused on corporate strategy. From 2005 to 2007, Mr. Wulfsohn was an associate in the capital markets group at CBA Commercial, LLC, a company involved in acquiring and securitizing small balance commercial mortgages.
Harold E. Schwartz Senior Vice President, General Counsel and Secretary
Mr. Schwartz joined MFA Financial in 2011. From 2001 to July 2011, he served as a Vice President and Senior Counsel for American Express Company, specializing in corporate, securities, corporate governance, and mergers and acquisitions matters. Between 1996 and 2000, Mr. Schwartz was the Senior Vice President, General Counsel and Secretary of Caribiner International, Inc., a business communications services and audio visual equipment rental company.
Lori Samuels Chief Loan Operations Officer
Ms. Samuels serves as Chief Loan Operations Officer at MFA Financial, overseeing asset management, underwriting, contract finance, and other loan-related operations. She has been with MFA since 2010, holding various asset management and loan operations positions. Ms. Samuels began her career at Fitch Ratings, Inc., focusing on residential credit, and also gained experience at BNY Mellon.
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The key risks to MFA Financial (symbol: MFA) are primarily associated with the dynamic nature of the residential mortgage market and the company's operational model as a real estate investment trust (REIT) focused on mortgage assets.
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Interest Rate Risk and Market Volatility: Fluctuations in interest rates pose a significant threat to MFA Financial's profitability and asset valuations. As a mortgage REIT, the company generates income from the spread between interest earned on its mortgage assets and its borrowing costs. Rising interest rates can increase the cost of borrowing for MFA, potentially reducing this net interest margin and impacting earnings. Additionally, changes in interest rates can affect the value of MFA's residential mortgage assets and mortgage-backed securities, leading to diminished returns and lower dividend payouts.
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Credit Risk and Loan Performance: MFA Financial invests in a variety of residential mortgage assets, including non-agency mortgage-backed securities and residential whole loans, some of which are credit-deteriorated or non-performing. This exposes the company to credit risk, meaning the risk that borrowers may default on their loans. Rising delinquencies, particularly in its loan portfolio, can directly impact the income generated by the REIT and affect its book value.
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Dividend Coverage and Debt Servicing: A significant risk for MFA Financial, highlighted in recent analyses, is the sustainability of its dividend payments and the coverage of its debt. Critics note that MFA's dividends have not been well covered by its earnings or free cash flow, and its debt is weakly covered by operating cash flow. This financial strain can pressure future payouts and raise concerns about the company's ability to maintain shareholder value if earnings or cash generation do not improve.
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The clear emerging threat for MFA Financial is the increasing impact of climate-related physical risks on residential properties and the mortgage assets backed by them. As extreme weather events such as floods, wildfires, and severe storms become more frequent and intense, certain geographical regions face heightened risks of property damage, increased insurance costs, and potential depreciation in property values. This directly threatens the credit quality and collateral value of MFA Financial's residential whole loans, non-agency mortgage-backed securities, and other residential mortgage assets, potentially leading to higher default rates and reduced asset performance in affected areas.
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MFA Financial, Inc. (symbol: MFA) operates within the United States, focusing on various segments of the residential mortgage market. The addressable markets for their main products and services in the U.S. region are substantial:
- Non-Agency Mortgage-Backed Securities (MBS): The U.S. non-agency residential mortgage-backed securities (RMBS) market had over $1.7 trillion in outstanding securities as of December 31, 2025. New issuance in the non-agency MBS market reached $185.85 billion in 2025.
- Agency MBS: The U.S. mortgage-backed securities (MBS) market, largely dominated by agency MBS, had over $11 trillion in outstanding securities as of mid-2023, and surpassed $12 trillion in 2021. Loans securitized by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac accounted for approximately $6.5 trillion of all outstanding mortgage balances as of June 2025. This market is considered the second-largest and second most-liquid bond market globally, after the U.S. Treasury market.
- Credit Risk Transfer (CRT) Securities: The U.S. credit risk transfer (CRT) market has grown to more than $50 billion as of April 2024, referencing approximately $2 trillion of single-family mortgage loans. U.S. banks issued an estimated $7 billion in CRTs in 2023.
- Residential Whole Loans: The overall U.S. residential mortgage market had a market value exceeding $14 trillion as of November 2024, which includes both securitized and whole loans. Within new originations, non-qualified mortgage (non-QM) origination is estimated at about $6 billion per month, with projections for total origination to exceed $100 billion in 2025; approximately half of these are purchased by investors as whole loans.
- Mortgage Servicing Rights (MSR) Related Assets: Nonbank mortgage companies owned the servicing rights on 54 percent of the total outstanding U.S. mortgage balances in 2022. With total outstanding mortgage balances in the U.S. at $12.94 trillion as of June 2025, this represents a significant market of serviced mortgage balances from which MSRs are derived. Additionally, banks held $2.82 trillion of servicing for others at the end of 2025. The fair value of mortgage servicing rights on bank servicing portfolios was $42.62 billion at the end of 2025. The U.S. loan servicing market is projected to grow at a CAGR of 13% from 2022 to 2028.
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Here are 3-5 expected drivers of future revenue growth for MFA Financial (symbol: MFA) over the next 2-3 years:
- Continued Investment in Non-Qualified Mortgage (Non-QM) Loans: MFA Financial considers non-QM whole loans a core growth engine and has been actively expanding this portfolio. In Q4 2024, the company added $470 million in non-QM loans, growing its portfolio to $4.4 billion by year-end. Further, in 2025, MFA completed five securitizations collateralized by $1.8 billion in Unpaid Principal Balance (UPB) of Non-QM loans, and acquired $443 million in non-QM loans in Q4 2025, maintaining a $5.3 billion non-QM portfolio. The average coupon on all loans acquired in Q3 2025 was 8.3%, with expected incremental Return on Equity (ROE) for new investments in the mid-teens.
- Expansion of Agency Mortgage-Backed Securities (MBS) Portfolio: MFA Financial is strategically emphasizing agency assets to drive future growth. The company significantly grew its agency MBS portfolio by almost 50% to $1.4 billion in Q4 2024. This expansion continued into 2025, with an additional $1.2 billion of Agency MBS acquired in Q4, bringing the total Agency MBS position to $3.3 billion by December 31, 2025. Management believes spreads and carry in agency MBS are attractive, in addition to providing liquidity benefits.
- Growth Initiatives at Lima One Capital: Lima One, MFA Financial's wholly-owned subsidiary specializing in business purpose loans, is poised for significant growth. In Q4 2025, Lima One originated $226 million of loans across various products, generating $5.7 million in mortgage banking income. The company plans significant growth initiatives for Lima One, including new hires, expanded lending channels, and the relaunch of multifamily lending, with meaningful growth anticipated in late 2026.
- Capital Redeployment from Loan Resolutions and Securitizations: MFA Financial is actively working to resolve delinquent loans and optimize its capital structure to free up funds for higher-yielding investments. In Q4 2025, $150 million of delinquent loans were resolved, with management expecting to redeploy this capital at "mid-teen ROEs". The company also intends to utilize "call-and-reissue securitizations," which could unlock an estimated $50 million to $100 million of capital. An improving 60+ day delinquency rate further supports the availability of capital for productive investments.
- Favorable Interest Rate Environment and Strategic Asset Allocation: Management has expressed optimism regarding a "constructive fixed income market" in Q1 2025 and a "more constructive macro backdrop" in Q4 2025, citing potential Fed rate cuts, lower Treasury yields, and a steeper yield curve. This environment creates opportunities to acquire new assets at attractive yields, with new investments expected to generate mid-teen ROEs. MFA's net interest income rose to $231.1 million in 2025 from $202.7 million in 2024, demonstrating the positive impact of its asset allocation strategy.
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Share Repurchases
- MFA Financial's Board of Directors authorized a new $200 million stock repurchase program for common stock in February 2026, which is in effect through the end of 2028 and supersedes a prior program that expired at the end of 2025.
- In 2025, the company repurchased 1,026,117 shares of common stock.
- During the third quarter of 2025, approximately 500,000 shares of common stock were repurchased at an estimated 27% discount to economic book value.
Share Issuance
- MFA Financial continued to issue preferred shares, including approximately 70,000 shares of Series B and 125,000 shares of Series C preferred stock for $4.5 million in Q3 2025, to fund common stock repurchases.
Outbound Investments
- MFA Financial purchased $2.1 billion of Agency Mortgage-Backed Securities (MBS) throughout 2025.
- In the fourth quarter of 2025, the company acquired nearly $2 billion of residential mortgage assets, consisting of $1.2 billion of Agency securities, $443 million of non-Qualified Mortgage (non-QM) loans, and $226 million of new business purpose loans originated by Lima One.
- Throughout 2025, MFA made approximately $4.8 billion of investments across its target asset classes.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.36 |
| Mkt Cap | 5.7 |
| Rev LTM | 1,313 |
| Op Inc LTM | - |
| FCF LTM | 176 |
| FCF 3Y Avg | 287 |
| CFO LTM | 464 |
| CFO 3Y Avg | 287 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.1% |
| Rev Chg 3Y Avg | 15.8% |
| Rev Chg Q | 70.2% |
| QoQ Delta Rev Chg LTM | 14.2% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 33.7% |
| CFO/Rev 3Y Avg | 52.5% |
| FCF/Rev LTM | 30.9% |
| FCF/Rev 3Y Avg | 52.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.7 |
| P/S | 5.8 |
| P/EBIT | - |
| P/E | 7.3 |
| P/CFO | 12.1 |
| Total Yield | 14.9% |
| Dividend Yield | 5.1% |
| FCF Yield 3Y Avg | 10.2% |
| D/E | 3.7 |
| Net D/E | 3.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.8% |
| 3M Rtn | -6.5% |
| 6M Rtn | 5.4% |
| 12M Rtn | 4.2% |
| 3Y Rtn | 47.9% |
| 1M Excs Rtn | -1.4% |
| 3M Excs Rtn | 1.4% |
| 6M Excs Rtn | 9.8% |
| 12M Excs Rtn | -9.5% |
| 3Y Excs Rtn | -5.6% |
Price Behavior
| Market Price | $9.44 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 04/13/1998 | |
| Distance from 52W High | -7.7% | |
| 50 Days | 200 Days | |
| DMA Price | $9.91 | $9.20 |
| DMA Trend | up | up |
| Distance from DMA | -4.8% | 2.6% |
| 3M | 1YR | |
| Volatility | 23.0% | 28.7% |
| Downside Capture | 0.43 | 0.73 |
| Upside Capture | 102.56 | 89.81 |
| Correlation (SPY) | 45.4% | 57.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.24 | 0.33 | 0.35 | 0.49 | 0.80 | 0.94 |
| Up Beta | 0.30 | -0.04 | 0.20 | 0.56 | 0.71 | 0.83 |
| Down Beta | -0.03 | 0.72 | 0.34 | 0.36 | 0.89 | 0.99 |
| Up Capture | 43% | 62% | 67% | 53% | 73% | 86% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 24 | 31 | 60 | 126 | 388 |
| Down Capture | 19% | -15% | 13% | 52% | 90% | 101% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 15 | 26 | 58 | 117 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFA | |
|---|---|---|---|---|
| MFA | 1.4% | 28.6% | 0.05 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 52.9% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 57.1% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 11.8% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 21.8% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 66.8% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 25.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFA | |
|---|---|---|---|---|
| MFA | 1.5% | 31.8% | 0.10 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 51.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 54.6% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 14.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 14.8% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 62.6% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 23.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MFA | |
|---|---|---|---|---|
| MFA | 1.5% | 84.6% | 0.34 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 21.1% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 18.8% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -2.7% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 9.0% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 29.1% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 4.7% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2020 | 19.6% | 42.8% | 29.4% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 19.6% | 42.8% | 29.4% |
| Median Negative | |||
| Max Positive | 19.6% | 42.8% | 29.4% |
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lin, Mei | Sr. VP & Co-Controller | Direct | Sell | 9162025 | 10.10 | 2,775 | 28,028 | 108,858 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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