Commonwealth Bank of Australia lifted its holdings in shares of MFA FINL INC/SH (NYSE:MFA) by 23.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 91,000 shares of the real estate investment trust’s stock after acquiring an additional 17,300 shares during the quarter. Commonwealth Bank of Australia’s holdings in MFA FINL INC/SH were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in MFA FINL INC/SH by 458.3% during the third quarter. Russell Investments Group Ltd. now owns 308,326 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 253,104 shares during the last quarter. Private Advisor Group LLC raised its position in MFA FINL INC/SH by 331.7% during the third quarter. Private Advisor Group LLC now owns 62,966 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 48,379 shares in the last quarter. Wells Fargo & Company MN raised its position in MFA FINL INC/SH by 27.4% during the third quarter. Wells Fargo & Company MN now owns 6,615,718 shares of the real estate investment trust’s stock worth $48,625,000 after acquiring an additional 1,421,824 shares in the last quarter. LSV Asset Management raised its position in MFA FINL INC/SH by 8.7% during the third quarter. LSV Asset Management now owns 4,797,400 shares of the real estate investment trust’s stock worth $35,260,000 after acquiring an additional 385,400 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in MFA FINL INC/SH by 195.9% during the third quarter. SG Americas Securities LLC now owns 166,941 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 110,523 shares in the last quarter. 80.27% of the stock is currently owned by institutional investors.
Several analysts have issued reports on MFA shares. JMP Securities raised shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Monday, December 17th. Zacks Investment Research raised shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.92.
MFA FINL INC/SH (NYSE:MFA) last posted its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). MFA FINL INC/SH had a return on equity of 9.00% and a net margin of 66.23%. The firm had revenue of $61.80 million for the quarter, compared to the consensus estimate of $64.10 million. During the same period last year, the company posted $0.24 earnings per share. On average, equities analysts anticipate that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.97%. The ex-dividend date is Thursday, March 28th. MFA FINL INC/SH’s payout ratio is presently 117.65%.
About MFA FINL INC/SH
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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