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Hot Stocks
MFA Financial announces $500M capital raise » 08:39
06/16/20
06/16
08:39
06/16/20
08:39
MFA

MFA Financial

$2.87 /

+0.27 (+10.38%)

, APO

Apollo Global

$51.27 /

+2.02 (+4.10%)

MFA announced a $500M…

MFA announced a $500M capital raise through a private senior secured loan agreement to be funded by certain funds and accounts managed by subsidiaries of Apollo Global Management, including subsidiaries of Athene Holding to which Apollo provides asset management and advisory services.

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MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

APO Apollo Global
$51.27 /

+2.02 (+4.10%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

04/13/20 JMP Securities
MFA Financial downgraded to Market Perform from Outperform at JMP Securities
03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
APO Apollo Global
$51.27 /

+2.02 (+4.10%)

06/08/20 Citi
Citi downgrades Alternative Asset Managers to Market Weight, lowers four ratings
06/08/20 Citi
Apollo Global downgraded to Neutral from Buy at Citi
05/14/20 BMO Capital
Apollo Global downgraded to Market Perform on valuation at BMO Capital
05/14/20 BMO Capital
Apollo Global downgraded to Market Perform from Outperform at BMO Capital
MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

APO Apollo Global
$51.27 /

+2.02 (+4.10%)

APO Apollo Global
$51.27 /

+2.02 (+4.10%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

APO Apollo Global
$51.27 /

+2.02 (+4.10%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

APO Apollo Global
$51.27 /

+2.02 (+4.10%)

Earnings
MFA Financial reports Q1 EPS ($2.02), consensus 14c » 08:37
06/16/20
06/16
08:37
06/16/20
08:37
MFA

MFA Financial

$2.87 /

+0.27 (+10.38%)

GAAP book value at March…

GAAP book value at March 31 was $4.34 per common share, while Economic book value, a non-GAAP financial measure of MFA's financial position that adjusts GAAP book value by the amount of unrealized market value changes in residential whole loans held at carrying value for GAAP reporting, was $4.09 per common share at quarter-end. Craig Knutson, MFA's CEO and President said, "We are thrilled to enter into this strategic relationship with Apollo and Athene, which we think is a testament to MFA's franchise and our dedicated team. In addition to bolstering our balance sheet and providing MFA with additional flexibility, we view the capital raise as very much a strategic alliance. We believe that Apollo's deep institutional relationships, together with Athene, will provide synergies that will assist us in our business. With approximately $1.65B of committed term non-mark-to-market financing for our whole loan portfolio, we can allow asset prices to continue to recover as we look to securitizations to further term out a portion of our financing. After a very difficult year so far, we are committed to continued efforts to generate future long-term value for our shareholders with Apollo and Athene as strategic and significant shareholders."

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MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

04/13/20 JMP Securities
MFA Financial downgraded to Market Perform from Outperform at JMP Securities
03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

MFA MFA Financial
$2.87 /

+0.27 (+10.38%)

Hot Stocks
MFA Financial rises 31.5% » 10:00
06/05/20
06/05
10:00
06/05/20
10:00
MFA

MFA Financial

$3.03 /

+0.71 (+30.60%)

MFA Financial is up…

MFA Financial is up 31.5%, or 73c to $3.05.

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MFA MFA Financial
$3.03 /

+0.71 (+30.60%)

MFA MFA Financial
$3.03 /

+0.71 (+30.60%)

04/13/20 JMP Securities
MFA Financial downgraded to Market Perform from Outperform at JMP Securities
03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
MFA MFA Financial
$3.03 /

+0.71 (+30.60%)

MFA MFA Financial
$3.03 /

+0.71 (+30.60%)

MFA MFA Financial
$3.03 /

+0.71 (+30.60%)

Hot Stocks
MFA Financial rises 39.4% » 09:47
06/05/20
06/05
09:47
06/05/20
09:47
MFA

MFA Financial

$3.24 /

+0.915 (+39.44%)

MFA Financial is up…

MFA Financial is up 39.4%, or 92c to $3.23.

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MFA MFA Financial
$3.24 /

+0.915 (+39.44%)

MFA MFA Financial
$3.24 /

+0.915 (+39.44%)

04/13/20 JMP Securities
MFA Financial downgraded to Market Perform from Outperform at JMP Securities
03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
MFA MFA Financial
$3.24 /

+0.915 (+39.44%)

MFA MFA Financial
$3.24 /

+0.915 (+39.44%)

MFA MFA Financial
$3.24 /

+0.915 (+39.44%)

Over a month ago
Hot Stocks
MFA Financial jumps 9% after announcing extended forbearance » 14:17
04/28/20
04/28
14:17
04/28/20
14:17
MFA

MFA Financial

$1.78 /

+0.14 (+8.56%)

MFA Financial announced…

MFA Financial announced that it has entered into a second Forbearance Agreement with certain counterparties to its various repurchase agreement financing arrangements and provided additional company updates. Extended Forbearance. Under a new Forbearance Agreement that the Company entered into earlier today with certain counterparties holding a significant majority of its outstanding repurchase obligations , such counterparties have agreed to forbear from exercising any rights or remedies under their respective repurchase agreements with the Company, including selling collateral to enforce margin calls, through June 1, 2020...The Company has continued taking steps to manage and de-lever its portfolio and generate liquidity. In particular, since April 10, 2020, the Company has sold residential mortgage assets at improved levels, as prices have partially recovered from the depressed valuations seen from mid-March through early April. These sales resulted in proceeds of $484.4 million and included, $282.9 million of MSR- related assets, $147.7 million of CRT securities and $51.4 million of Agency MBS. Cash and liquidity update. As of April 24, 2020, the Company had total cash balances of $430.9 million, including $143.8 million of cash on deposit with repurchase agreement counterparties to meet margin calls. As described above, cash balances will be reduced by the $150 million payment to repurchase agreement counterparties to reduce outstanding repurchase obligations. Under the Second Forbearance Agreement, the participating counterparties continue to have a secured interest in the Company's previously unencumbered assets, primarily residential whole loans, real estate owned, cash and other assets with an estimated market value of approximately $1.4B as of April 24. Shares of MFA Financial, are up 9% to $1.79 per share in afternoon trading on Tuesday.

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MFA MFA Financial
$1.78 /

+0.14 (+8.56%)

04/13/20 JMP Securities
MFA Financial downgraded to Market Perform from Outperform at JMP Securities
03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
Downgrade
MFA Financial downgraded to Market Perform from Outperform at JMP Securities » 05:55
04/13/20
04/13
05:55
04/13/20
05:55
MFA

MFA Financial

$1.97 /

+0.19 (+10.70%)

JMP Securities analyst…

JMP Securities analyst Steven DeLaney downgraded MFA Financial to Market Perform from Outperform without a price target. The analyst views the shares as "reasonably valued" following its press release on COVID-19 impacts. However, 10, MFA's formal forbearance agreement is a "significant: positive development in that it provides the company with 15 days to sell assets, negotiate permanent financing terms with other counterparties, and, if necessary, raise incremental capital to pay down margin call and increase cash on hand, DeLaney tells investors in a research note.

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MFA MFA Financial
$1.97 /

+0.19 (+10.70%)

03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
03/09/20 JMP Securities
MFA Financial upgraded to Outperform from Market Perform at JMP Securities
Hot Stocks
MFA Financial announces forbearance agreement with counterparties » 09:26
04/12/20
04/12
09:26
04/12/20
09:26
MFA

MFA Financial

$1.97 /

+0.19 (+10.70%)

MFA Financial announced…

MFA Financial announced Friday updates with respect to its business operations. On April 10, the company and its repurchase agreement counterparties holding a significant majority of its outstanding repurchase obligations entered into a forbearance agreement. On March 24, MFA had announced that due to the turmoil in the financial markets resulting from the COVID-19 pandemic, the company was engaged in discussions with its financing counterparties regarding forbearance with respect to the company's obligations under its repurchase agreement financing arrangements, which were approximately $9.5B as of March 20. Since the date of that announcement through April 9, the company's indebtedness under such arrangements has decreased to approximately $5.8B. This reduction occurred as a result of sales of certain assets and the payoff of the associated repurchase agreement obligations. MFA added, "In response to the unprecedented market conditions experienced since mid-March, the Company has taken steps to manage and de-lever its portfolio and generate liquidity, particularly in relation to its investments in certain residential mortgage securities." Sales of residential mortgage assets generating proceeds of $3.5B, which were used to reduce the associated repurchase agreement obligations. The company also unwound all of its approximately $4.1B of swap hedging transactions. As of April 9, MFA had total cash balances of $423.4M.

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MFA MFA Financial
$1.97 /

+0.19 (+10.70%)

03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
03/09/20 JMP Securities
MFA Financial upgraded to Outperform from Market Perform at JMP Securities
Options
Unusually active option classes on open April 9th » 09:40
04/09/20
04/09
09:40
04/09/20
09:40
OIH

Oil Services Holders Trust

$4.87 /

+ (+0.00%)

, MFA

MFA Financial

$1.78 /

+ (+0.00%)

, APA

Apache

$7.62 /

+ (+0.00%)

, NRZ

New Residential

$5.10 /

+ (+0.00%)

, MRO

Marathon Oil

$3.96 /

+ (+0.00%)

, SQ

Square

$56.93 /

+ (+0.00%)

, NLY

Annaly Capital

$5.75 /

+ (+0.00%)

, COST

Costco

$305.77 /

+ (+0.00%)

, OXY

Occidental Petroleum

$15.58 /

+ (+0.00%)

, TNA

Terra Nova (Bermuda) Holdings

$17.47 /

+ (+0.00%)

Unusual total active…

Unusual total active option classes on open include: Market Vectors Oil Services (OIH), MFA Financial (MFA), Apache (APA), New Residential (NRZ), Marathon Oil (MRO), Square (SQ), Annaly Capital (NLY), Costco (COST), Occidental Petroleum (OXY), and Direxion Daily Smal Cap Bull 3X Shares (TNA).

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OIH Oil Services Holders Trust
$4.87 /

+ (+0.00%)

MFA MFA Financial
$1.78 /

+ (+0.00%)

03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
03/09/20 JMP Securities
MFA Financial upgraded to Outperform from Market Perform at JMP Securities
APA Apache
$7.62 /

+ (+0.00%)

04/08/20 SunTrust
Apache price target lowered to $10 from $22 at SunTrust
03/31/20 UBS
Apache upgraded to Neutral from Sell at UBS
03/25/20 Piper Sandler
Apache price target lowered to $5 from $37 at Piper Sandler
03/20/20 MKM Partners
Laredo Petroleum, Apache, Comstock Resources upgraded to Buy at MKM Partners
NRZ New Residential
$5.10 /

+ (+0.00%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
04/02/20 BTIG
New Residential price target lowered to $10.50 from $18 at BTIG
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
MRO Marathon Oil
$3.96 /

+ (+0.00%)

04/03/20 Mizuho
Marathon Oil downgraded to Neutral from Buy at Mizuho
04/02/20 Wolfe Research
Marathon Oil downgraded to Underperform from Peer Perform at Wolfe Research
04/01/20 Argus
Marathon Oil downgraded to Hold from Buy at Argus
04/01/20 Argus
Marathon Oil downgraded to Hold from Buy at Argus
SQ Square
$56.93 /

+ (+0.00%)

04/08/20 JPMorgan
Square CEO donation reinforces 'unique culture,' says JPMorgan
03/26/20 BMO Capital
Square price target lowered to $67 from $78 at BMO Capital
03/26/20 SunTrust
Square price target raised to $70 from $55 at SunTrust
03/25/20 Needham
Square price target lowered to $60 from $95 at Needham
NLY Annaly Capital
$5.75 /

+ (+0.00%)

04/08/20 BofA
Annaly Capital upgraded to Buy from Neutral at BofA
12/19/19 Wells Fargo
Annaly Capital initiated with an Equal Weight at Wells Fargo
10/02/19 RBC Capital
RBC Capital initiates select mortgage REITs with 'constructive' outlook
10/02/19 RBC Capital
Annaly Capital initiated with an Outperform at RBC Capital
COST Costco
$305.77 /

+ (+0.00%)

04/09/20 Loop Capital
Costco price target raised to $355 from $350 at Loop Capital
04/09/20 Baird
Costco March sales strong but lagged lofty expectations, says Baird
03/31/20 Wolfe Research
Costco initiated with a Peer Perform at Wolfe Research
03/17/20 Gordon Haskett
Costco upgraded to Buy from Accumulate at Gordon Haskett
OXY Occidental Petroleum
$15.58 /

+ (+0.00%)

04/03/20 Mizuho
Occidental Petroleum downgraded to Neutral from Buy at Mizuho
04/01/20 KeyBanc
KeyBanc expects neutral stock reaction to Occidental's SVP of strategy departure
03/26/20 Atlantic Equities
Occidental Petroleum downgraded to Underweight from Neutral at Atlantic Equities
03/23/20 SunTrust
Occidental Petroleum price target lowered to $8 from $15 at SunTrust
TNA Terra Nova (Bermuda) Holdings
$17.47 /

+ (+0.00%)

Over a quarter ago
Hot Stocks
MFA Financial to defer dividend payments » 18:07
03/25/20
03/25
18:07
03/25/20
18:07
MFA

MFA Financial

$1.17 /

+0.8101 (+225.09%)

MFA Financial announced…

MFA Financial announced that due to the turmoil in the financial markets resulting from the global COVID-19 virus pandemic and in order to preserve liquidity until it can more accurately assess the impact that current market conditions will have on the company's business, the company will revoke its previously announced first quarter 2020 quarterly cash dividends on each of the company's common stock and 7.50% Series B Cumulative Redeemable Preferred Stock. The quarterly cash dividend of 20c per share on the company's common stock had been declared on March 11, 2020 and was to be paid on April 30, 2020 to all stockholders of record as of the close of business March 31, 2020.

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MFA MFA Financial
$1.17 /

+0.8101 (+225.09%)

03/25/20 Wedbush
MFA Financial downgraded to Neutral at Wedbush
03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
03/09/20 JMP Securities
MFA Financial upgraded to Outperform from Market Perform at JMP Securities
Downgrade
MFA Financial downgraded to Neutral at Wedbush » 07:35
03/25/20
03/25
07:35
03/25/20
07:35
MFA

MFA Financial

$0.36 /

-2.3501 (-86.72%)

As previously reported,…

As previously reported, Wedbush analyst Henry Coffey downgraded MFA Financial to Neutral from Outperform. The analyst cited the company's announced failure to meet margin calls. The common equity will bear most of the pain related to any required restructuring from this issue and he is not expecting an immediate fix to the challenges facing the company. Dividends are likely to be suspended as well, Coffey adds.

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MFA MFA Financial
$0.36 /

-2.3501 (-86.72%)

03/25/20 Wedbush
MFA Financial downgraded to Neutral from Outperform at Wedbush
03/25/20 RBC Capital
MFA Financial downgraded to Sector Perform from Outperform at RBC Capital
03/09/20 JMP Securities
MFA Financial upgraded to Outperform from Market Perform at JMP Securities
10/10/19
Wedbush bullish on MFA Financial, initiates with an Outperform

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