MFA Financial price target lowered to $10 from $12 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on MFA Financial (MFA) to $10 from $12 and keeps a Sector Perform rating on the shares after its Q1 results. The company’s distributable EPS could see some noise from credit loss realizations as some challenged transitional loans get resolution, though there should be neutral impact to book value per share as fair value changes have been marked to market quarterly, the analyst tells investors in a research note.