Los Angeles Capital Management & Equity Research Inc. cut its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,954,170 shares of the real estate investment trust’s stock after selling 82,647 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.49% of MFA Financial worth $17,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Eagle Asset Management Inc. bought a new stake in shares of MFA Financial in the 2nd quarter worth approximately $1,263,000. Northern Trust Corp lifted its holdings in shares of MFA Financial by 0.7% in the 2nd quarter. Northern Trust Corp now owns 3,886,249 shares of the real estate investment trust’s stock worth $32,606,000 after acquiring an additional 28,867 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MFA Financial by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 280,876 shares of the real estate investment trust’s stock worth $2,269,000 after acquiring an additional 3,504 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of MFA Financial by 459.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock worth $15,371,000 after acquiring an additional 1,504,565 shares during the last quarter. Finally, Sigma Planning Corp lifted its holdings in shares of MFA Financial by 26.0% in the 2nd quarter. Sigma Planning Corp now owns 19,120 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,946 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.
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MFA Financial, Inc. (MFA) opened at $7.98 on Friday. The stock has a market cap of $3,163.64, a price-to-earnings ratio of 10.92 and a beta of 0.68. MFA Financial, Inc. has a 1 year low of $7.32 and a 1 year high of $8.90.
MFA Financial (NYSE:MFA) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The business had revenue of $55.86 million during the quarter, compared to analysts’ expectations of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. analysts anticipate that MFA Financial, Inc. will post 0.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date of this dividend was Wednesday, September 27th. MFA Financial’s dividend payout ratio is presently 109.59%.
Several brokerages recently commented on MFA. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. JMP Securities downgraded shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.08.
In other MFA Financial news, insider Ronald A. Freydberg bought 20,000 shares of MFA Financial stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $7.78 per share, with a total value of $155,600.00. Following the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is owned by corporate insiders.
MFA Financial 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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