Cipher Capital LP Purchases 21,250 Shares of MFA Financial, Inc. (MFA)

Cipher Capital LP lifted its position in MFA Financial, Inc. (NYSE:MFA) by 50.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,964 shares of the real estate investment trust’s stock after purchasing an additional 21,250 shares during the quarter. Cipher Capital LP’s holdings in MFA Financial were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MFA. BlackRock Inc. raised its stake in shares of MFA Financial by 13,441.2% in the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock valued at $189,346,000 after purchasing an additional 23,260,960 shares in the last quarter. Vanguard Group Inc. raised its stake in MFA Financial by 5.3% during the first quarter. Vanguard Group Inc. now owns 29,874,948 shares of the real estate investment trust’s stock worth $241,389,000 after acquiring an additional 1,498,013 shares in the last quarter. First Quadrant L P CA raised its stake in MFA Financial by 115.9% during the second quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock worth $17,559,000 after acquiring an additional 1,123,603 shares in the last quarter. Global X Management Co. LLC raised its stake in MFA Financial by 74.7% during the first quarter. Global X Management Co. LLC now owns 2,165,089 shares of the real estate investment trust’s stock worth $17,494,000 after acquiring an additional 925,859 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in MFA Financial by 12.6% during the first quarter. Wells Fargo & Company MN now owns 5,046,957 shares of the real estate investment trust’s stock worth $40,778,000 after acquiring an additional 564,175 shares in the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

Several research firms have issued reports on MFA. Zacks Investment Research upgraded MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a research note on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a research note on Friday, August 4th. BidaskClub lowered MFA Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.45.

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MFA Financial, Inc. (MFA) opened at 8.67 on Monday. MFA Financial, Inc. has a 1-year low of $7.03 and a 1-year high of $8.90. The firm’s 50-day moving average price is $8.71 and its 200 day moving average price is $8.36. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.93 and a beta of 0.71.

MFA Financial (NYSE:MFA) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. On average, analysts predict that MFA Financial, Inc. will post $0.77 EPS for the current year.

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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Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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