57,361 Shares in MFA Financial, Inc. (NYSE:MFA) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 57,361 shares of the real estate investment trust's stock, valued at approximately $589,000. Sequoia Financial Advisors LLC owned about 0.06% of MFA Financial at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of MFA Financial in the first quarter valued at approximately $25,000. National Bank of Canada FI acquired a new position in MFA Financial in the 4th quarter valued at $27,000. Sterling Capital Management LLC grew its holdings in MFA Financial by 823.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,278 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 2,923 shares in the last quarter. Quarry LP bought a new position in MFA Financial during the 4th quarter worth $36,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of MFA Financial during the fourth quarter worth $46,000. Institutional investors own 65.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JMP Securities decreased their price target on shares of MFA Financial from $12.50 to $12.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on shares of MFA Financial from $12.50 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut MFA Financial from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Royal Bank Of Canada set a $10.00 price objective on MFA Financial and gave the stock a "sector perform" rating in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, MFA Financial has an average rating of "Moderate Buy" and a consensus price target of $12.92.

MFA Financial Price Performance

MFA traded up $0.03 during trading on Friday, hitting $9.74. 964,270 shares of the stock traded hands, compared to its average volume of 1,100,706. The business has a 50 day moving average price of $9.57 and a 200 day moving average price of $9.96. MFA Financial, Inc. has a twelve month low of $7.85 and a twelve month high of $13.45. The company has a market cap of $999.30 million, a price-to-earnings ratio of 9.93 and a beta of 1.63.

MFA Financial (NYSE:MFA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business had revenue of $57.54 million for the quarter, compared to analyst estimates of $48.80 million. MFA Financial had a return on equity of 9.44% and a net margin of 18.86%. During the same period last year, the firm posted $0.35 EPS. On average, equities research analysts predict that MFA Financial, Inc. will post 1.5 earnings per share for the current year.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.36 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.79%. MFA Financial's payout ratio is currently 146.94%.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.