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Invesco Ltd. Purchases 285,344 Shares of MFA Financial, Inc. $MFA

MFA Financial logo with Finance background

Key Points

  • Invesco Ltd. increased its stake in MFA Financial, Inc. by 23.3%, now owning 1.5 million shares valued at approximately $15.5 million.
  • Analyst ratings have fluctuated, with Keefe, Bruyette & Woods downgrading MFA from "outperform" to "market perform," reducing the price target to $10.00.
  • MFA Financial announced a dividend increase to $0.4688 per share, resulting in an annualized dividend yield of 18.6%.
  • Looking to export and analyze MFA Financial data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Invesco Ltd. lifted its position in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 23.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,508,456 shares of the real estate investment trust's stock after purchasing an additional 285,344 shares during the quarter. Invesco Ltd. owned 1.47% of MFA Financial worth $15,477,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of MFA Financial during the first quarter worth approximately $25,000. Sterling Capital Management LLC raised its position in shares of MFA Financial by 823.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,278 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,923 shares during the period. Quarry LP acquired a new position in shares of MFA Financial during the fourth quarter worth approximately $36,000. Bank of Montreal Can raised its position in shares of MFA Financial by 10.5% during the fourth quarter. Bank of Montreal Can now owns 11,890 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 1,134 shares during the period. Finally, MQS Management LLC acquired a new position in shares of MFA Financial during the first quarter worth approximately $131,000. 65.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MFA has been the topic of a number of research reports. UBS Group upped their target price on MFA Financial from $9.50 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods lowered 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 research report on Thursday, July 10th. Royal Bank Of Canada set a $10.00 price target on MFA Financial and gave the company a "sector perform" rating in a research report on Wednesday, May 28th. Jones Trading reissued a "hold" rating on shares of MFA Financial in a research report on Monday, August 11th. Finally, JMP Securities lowered their price target on MFA Financial from $12.00 to $11.00 and set a "market outperform" rating for the company in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, MFA Financial has a consensus rating of "Moderate Buy" and a consensus target price of $12.07.

View Our Latest Analysis on MFA

MFA Financial Price Performance

Shares of MFA Financial stock traded up $0.04 during trading hours on Thursday, hitting $10.07. 518,252 shares of the company's stock traded hands, compared to its average volume of 1,251,266. MFA Financial, Inc. has a 12-month low of $7.85 and a 12-month high of $13.45. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.57 and a beta of 1.64. The company has a fifty day simple moving average of $9.53 and a 200-day simple moving average of $9.75.

MFA Financial (NYSE:MFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). MFA Financial had a net margin of 17.62% and a return on equity of 8.61%. The business had revenue of $61.28 million for the quarter, compared to analysts' expectations of $59.50 million. During the same period in the prior year, the business earned $0.32 earnings per share. On average, analysts forecast that MFA Financial, Inc. will post 1.5 EPS for the current fiscal year.

MFA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 14.3%. MFA Financial's dividend payout ratio (DPR) is currently 165.52%.

MFA Financial Profile

(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.

Further Reading

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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