UBS Group AG boosted its position in MFA Financial, Inc. (NYSE:MFA) by 10.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,532,963 shares of the real estate investment trust’s stock after buying an additional 333,439 shares during the period. UBS Group AG owned 0.95% of MFA Financial worth $28,546,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of MFA Financial during the fourth quarter worth $2,698,000. Cadence Capital Management LLC purchased a new position in shares of MFA Financial during the fourth quarter worth $371,000. State Board of Administration of Florida Retirement System boosted its position in shares of MFA Financial by 5.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 378,052 shares of the real estate investment trust’s stock worth $2,885,000 after buying an additional 20,680 shares in the last quarter. Comerica Bank boosted its position in shares of MFA Financial by 28.6% in the fourth quarter. Comerica Bank now owns 565,095 shares of the real estate investment trust’s stock worth $4,425,000 after buying an additional 125,629 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of MFA Financial by 15.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,271 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,266 shares in the last quarter. 78.59% of the stock is currently owned by institutional investors.
MFA Financial, Inc. (NYSE MFA) traded down 0.23% on Tuesday, hitting $8.61. 1,263,061 shares of the stock traded hands. The firm has a market capitalization of $3.21 billion, a PE ratio of 10.80 and a beta of 0.72. The stock has a 50 day moving average of $8.27 and a 200 day moving average of $8.04. MFA Financial, Inc. has a 52 week low of $6.83 and a 52 week high of $8.64.
MFA Financial (NYSE:MFA) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $66.91 million during the quarter, compared to the consensus estimate of $65.97 million. MFA Financial had a net margin of 61.22% and a return on equity of 10.36%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Equities research analysts anticipate that MFA Financial, Inc. will post $0.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, June 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.29%. MFA Financial’s dividend payout ratio is currently 102.57%.
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Several equities research analysts recently commented on the stock. BidaskClub raised shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.00 price objective on shares of MFA Financial in a research report on Wednesday, June 7th. Wells Fargo & Co raised shares of MFA Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a research report on Monday, May 15th. Finally, Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.11.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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