Engineers Gate Manager LP Has $1.23 Million Stock Position in MFA Financial, Inc. $MFA

Key Points

• Engineers Gate Manager LP reduced its MFA Financial position by 56% in the second quarter, selling 160,830 shares and retaining 126,541 shares worth approximately $1.23 million. Institutional investors collectively own 65.28% of the company.
• Analyst views remain mixed: BTIG upgraded MFA to “buy,” while Weiss Ratings downgraded it to “sell.” The stock has an overall “hold” consensus rating and an average price target of $10.46.
• MFA Financial shares opened at $8.37, near their 52-week low of $8.36, with a market capitalization of approximately $845.6 million. The mortgage REIT invests primarily in residential mortgage assets and related lending activities.

Engineers Gate Manager LP cut its holdings in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 56.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,541 shares of the real estate investment trust's stock after selling 160,830 shares during the period. Engineers Gate Manager LP owned about 0.13% of MFA Financial worth $1,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of MFA Financial during the second quarter valued at $26,000. Corient Private Wealth LP lifted its stake in MFA Financial by 60.1% in the second quarter. Corient Private Wealth LP now owns 172,669 shares of the real estate investment trust's stock valued at $1,679,000 after buying an additional 64,845 shares during the period. Amundi acquired a new position in shares of MFA Financial during the 2nd quarter valued at $130,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in MFA Financial during the second quarter worth $1,135,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of MFA Financial by 109.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,325 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,260 shares in the last quarter. Institutional investors own 65.28% of the company's stock.

Analyst Ratings Changes

MFA has been the topic of a number of research reports. BTIG Research raised MFA Financial from a "neutral" rating to a "buy" rating and set a $10.50 target price on the stock in a research report on Wednesday, June 17th. William Blair set a $11.00 target price on shares of MFA Financial in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $10.00 price target on shares of MFA Financial in a report on Thursday, August 20th. Weiss Ratings downgraded shares of MFA Financial from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, September 11th. Finally, Citizens Jmp dropped their price objective on MFA Financial from $11.50 to $11.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.46.

MFA Financial Stock Down 1.6%

Shares of MFA stock opened at $8.37 on Friday. The company has a 50 day moving average price of $9.00 and a 200-day moving average price of $9.46. MFA Financial, Inc. has a 52 week low of $8.36 and a 52 week high of $10.43. The firm has a market capitalization of $845.62 million, a PE ratio of 8.37 and a beta of 1.41.

About MFA Financial

MFA Financial, Inc is a real estate investment trust (REIT) that focuses primarily on residential mortgage assets. The company invests in and manages a portfolio that may include agency and non-agency mortgage-backed securities, residential whole loans, mortgage servicing rights and other residential credit investments.

MFA's investment activities are designed to provide exposure to the U.S. residential housing and mortgage markets. Through its affiliated businesses, the company also participates in residential lending, including financing for single-family rental properties and residential real estate investors.

Founded in 1997 and headquartered in New York City, MFA Financial has operated as a publicly traded mortgage REIT since its initial public offering in 1998.

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