NEW YORK ( TheStreet) -- MFA Financial (NYSE: MFA) hit a new 52-week low Monday as it is currently trading at $6.65, below its previous 52-week low of $6.71 with 6.1 million shares traded as of 3:35 p.m. ET. Average volume has been 5.8 million shares over the past 30 days. MFA Financial has a market cap of $2.5 billion and is part of the financial sector and real estate industry. Shares are down 14% year to date as of the close of trading on Friday. MFA Financial, Inc., a real estate investment trust (REIT), primarily invests in mortgage-backed securities (MBS) that include hybrid and adjustable-rate MBS. The company has a P/E ratio of 7.4, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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