Corient Private Wealth LP Acquires Shares of 158,274 MFA Financial, Inc. $MFA

Key Points

• Corient Private Wealth LP acquired 158,274 shares of MFA Financial worth approximately $1.54 million, while institutional investors collectively owned 65.28% of the REIT.
• Analyst sentiment is moderately bullish: four analysts rate MFA a Buy and three rate it a Hold, with an average price target of $10.46.
• MFA shares opened at $8.88, near their 52-week low, while the company’s quarterly dividend of $0.36 implies a 16.2% annualized yield; its payout ratio stands at 144%.

Corient Private Wealth LP bought a new stake in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 158,274 shares of the real estate investment trust's stock, valued at approximately $1,539,000. Corient Private Wealth LP owned approximately 0.16% of MFA Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AQR Capital Management LLC purchased a new position in MFA Financial in the first quarter valued at about $259,000. Goldman Sachs Group Inc. increased its holdings in MFA Financial by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 691,408 shares of the real estate investment trust's stock worth $7,094,000 after purchasing an additional 96,365 shares during the last quarter. Rhumbline Advisers increased its holdings in MFA Financial by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 167,481 shares of the real estate investment trust's stock worth $1,584,000 after purchasing an additional 11,800 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in MFA Financial by 5.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 62,090 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 3,146 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MFA Financial in the 2nd quarter valued at approximately $716,000. 65.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MFA has been the subject of several research analyst reports. Weiss Ratings upgraded MFA Financial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $10.00 price target on shares of MFA Financial in a research note on Thursday, August 20th. William Blair set a $11.00 price target on shares of MFA Financial in a report on Tuesday, August 4th. Citizens Jmp reduced their price objective on shares of MFA Financial from $11.50 to $11.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 4th. Finally, BTIG Research raised shares of MFA Financial from a "neutral" rating to a "buy" rating and set a $10.50 price objective for the company in a report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $10.46.

MFA Financial Stock Up 0.7%

Shares of MFA Financial stock opened at $8.88 on Friday. The business has a 50-day moving average price of $9.20 and a 200 day moving average price of $9.57. MFA Financial, Inc. has a fifty-two week low of $8.63 and a fifty-two week high of $10.56. The firm has a market cap of $897.68 million, a P/E ratio of 8.88 and a beta of 1.41.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date was Tuesday, June 30th. MFA Financial's payout ratio is 144.00%.

MFA Financial Company Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company's primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial's investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.

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