Allspring Global Investments Holdings LLC purchased a new stake in MFA Financial, Inc. (NYSE:MFA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 61,599 shares of the real estate investment trust's stock, valued at approximately $587,000. Allspring Global Investments Holdings LLC owned about 0.06% of MFA Financial at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in MFA Financial during the first quarter worth about $25,000. Sequoia Financial Advisors LLC acquired a new stake in shares of MFA Financial in the first quarter valued at approximately $589,000. Motiv8 Investments LLC grew its position in shares of MFA Financial by 18.9% in the first quarter. Motiv8 Investments LLC now owns 14,433 shares of the real estate investment trust's stock valued at $148,000 after purchasing an additional 2,290 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of MFA Financial by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 507,580 shares of the real estate investment trust's stock valued at $5,208,000 after purchasing an additional 27,890 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of MFA Financial by 13.2% during the first quarter. Penserra Capital Management LLC now owns 124,065 shares of the real estate investment trust's stock valued at $1,272,000 after buying an additional 14,438 shares during the period. 65.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MFA has been the topic of several recent analyst reports. UBS Group reissued a "buy" rating on shares of MFA Financial in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods lowered shares of MFA Financial from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $12.00 to $10.00 in a report on Thursday, July 10th. JMP Securities dropped their price target on shares of MFA Financial from $12.00 to $11.00 and set a "market outperform" rating on the stock in a research note on Thursday, July 17th. Weiss Ratings lowered shares of MFA Financial from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Finally, Jones Trading reissued a "hold" rating on shares of MFA Financial in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.75.
Check Out Our Latest Stock Report on MFA Financial
MFA Financial Stock Down 1.4%
Shares of MFA stock opened at $9.11 on Friday. MFA Financial, Inc. has a 12-month low of $7.85 and a 12-month high of $12.75. The company has a market capitalization of $934.81 million, a P/E ratio of 10.47 and a beta of 1.70. The firm has a 50-day moving average price of $9.66 and a 200 day moving average price of $9.49.
MFA Financial (NYSE:MFA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $61.28 million during the quarter, compared to analyst estimates of $59.50 million. MFA Financial had a net margin of 17.62% and a return on equity of 8.61%. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, research analysts expect that MFA Financial, Inc. will post 1.5 earnings per share for the current year.
MFA Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date of this dividend is Tuesday, September 30th. MFA Financial's payout ratio is currently 165.52%.
About MFA Financial
(
Free Report)
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.
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