Tufton Capital Management cut its stake in MFA Financial, Inc. (NYSE:MFA) by 33.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,100 shares of the real estate investment trust’s stock after selling 14,900 shares during the period. Tufton Capital Management’s holdings in MFA Financial were worth $244,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MFA. Bessemer Group Inc. raised its stake in shares of MFA Financial by 2.4% in the second quarter. Bessemer Group Inc. now owns 598,429 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 14,275 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of MFA Financial by 23.9% in the second quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 8,209 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of MFA Financial by 5.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 678 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of MFA Financial during the second quarter worth approximately $221,000. Finally, Breton Hill Capital Ltd. raised its stake in shares of MFA Financial by 638.4% in the second quarter. Breton Hill Capital Ltd. now owns 80,483 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 69,583 shares during the last quarter. Institutional investors own 76.86% of the company’s stock.
MFA Financial, Inc. (MFA) traded up 0.68% on Monday, reaching $8.87. 1,987,134 shares of the company were exchanged. The stock has a market capitalization of $3.52 billion, a P/E ratio of 11.19 and a beta of 0.72. The company’s 50-day moving average price is $8.56 and its 200-day moving average price is $8.25. MFA Financial, Inc. has a 12-month low of $7.03 and a 12-month high of $8.90.
MFA Financial (NYSE:MFA) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. 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 company posted $0.20 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Friday, July 28th. Stockholders of record on Thursday, June 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.02%. MFA Financial’s dividend payout ratio is currently 102.56%.
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A number of equities research analysts recently commented on MFA shares. Royal Bank Of Canada restated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Monday, May 15th. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Wells Fargo & Company upgraded shares of MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 15th. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.00 target price on shares of MFA Financial in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.29.
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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