With an annual dividend yield of 14.68%, MFA Financial, Inc. (NYSE: MFA ) is included among the Top 10 Dividend Stocks with 10%+ Yield .

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On June 17, BTIG upgraded MFA Financial, Inc. (NYSE:MFA) to Buy from Neutral. It set a $10.50 price target on the stock. The firm said residential credit-focused mortgage real estate investment trusts offer more attractive valuations than agency-focused peers, along with greater long-term book value upside potential. According to the analyst, MFA Financial's earnings have been pressured by realized losses from its legacy portfolio, but that trend is expected to improve in the second half of the year. As a result, distributable earnings should once again be sufficient to cover the dividend. BTIG added that the expected improvement in earnings should help narrow the stock's valuation discount.

Earlier, on June 3, RBC Capital lowered its price recommendation on MFA to $10 from $11. It reiterated a Sector Perform rating on the shares. In a research note, the analyst said the firm still expects some near-term pressure on MFA's distributable earnings per share from credit loss realizations. Those losses could accelerate in the second quarter before easing in the second half of 2026 and into early 2027.

MFA Financial, Inc. (NYSE:MFA) is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, and other real estate assets.

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