Advisor Group Inc. lowered its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,282 shares of the real estate investment trust’s stock after selling 3,281 shares during the period. Advisor Group Inc.’s holdings in MFA Financial were worth $311,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Suntrust Banks Inc. grew its stake in MFA Financial by 3.1% during the second quarter. Suntrust Banks Inc. now owns 65,255 shares of the real estate investment trust’s stock worth $546,000 after purchasing an additional 1,979 shares during the period. Timbercreek Asset Management Ltd. grew its stake in MFA Financial by 66.0% during the second quarter. Timbercreek Asset Management Ltd. now owns 508,796 shares of the real estate investment trust’s stock worth $4,269,000 after purchasing an additional 202,353 shares during the period. MML Investors Services LLC grew its stake in MFA Financial by 19.9% during the second quarter. MML Investors Services LLC now owns 21,131 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 3,511 shares during the period. FMR LLC grew its stake in MFA Financial by 5.0% during the second quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock worth $187,962,000 after purchasing an additional 1,065,338 shares during the period. Finally, Vanguard Group Inc. grew its stake in MFA Financial by 7.1% during the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock worth $268,322,000 after purchasing an additional 2,106,310 shares during the period. 80.10% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on MFA shares. BidaskClub cut MFA Financial from a “buy” rating to a “hold” rating in a research note on Saturday, October 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a report on Friday, August 4th. Zacks Investment Research lowered MFA Financial from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. MFA Financial has an average rating of “Buy” and an average target price of $8.81.
MFA Financial, Inc. (NYSE MFA) opened at 8.68 on Friday. The firm has a 50-day moving average price of $8.74 and a 200 day moving average price of $8.48. MFA Financial, Inc. has a one year low of $7.17 and a one year high of $8.90. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 10.95 and a beta of 0.71.
MFA Financial (NYSE:MFA) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The firm had revenue of $61.14 million for the quarter, compared to the consensus estimate of $68.91 million. During the same quarter in the prior year, the business earned $0.20 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts expect that MFA Financial, Inc. will post $0.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.22%. MFA Financial’s dividend payout ratio (DPR) is 102.56%.
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MFA Financial Company Profile
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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