Natixis Advisors LLC increased its position in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,085,679 shares of the real estate investment trust's stock after buying an additional 147,498 shares during the period. Natixis Advisors LLC owned about 1.06% of MFA Financial worth $11,139,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. bought a new stake in shares of MFA Financial in the fourth quarter worth $18,325,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of MFA Financial by 18.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 6,030,535 shares of the real estate investment trust's stock valued at $61,874,000 after purchasing an additional 944,608 shares in the last quarter. First Trust Advisors LP lifted its position in shares of MFA Financial by 531.6% during the fourth quarter. First Trust Advisors LP now owns 794,394 shares of the real estate investment trust's stock worth $8,095,000 after purchasing an additional 668,618 shares during the last quarter. Norges Bank bought a new position in shares of MFA Financial during the fourth quarter worth about $3,564,000. Finally, Invesco Ltd. grew its stake in MFA Financial by 16.9% in the fourth quarter. Invesco Ltd. now owns 1,223,112 shares of the real estate investment trust's stock worth $12,464,000 after purchasing an additional 177,067 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on MFA. Jones Trading raised MFA Financial to a "hold" rating in a research report on Monday, July 7th. JMP Securities reduced 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 report on Thursday, July 17th. Keefe, Bruyette & Woods downgraded shares of MFA Financial from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $12.00 to $10.00 in a research report on Thursday, July 10th. UBS Group increased their price objective on shares of MFA Financial from $9.50 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada set a $10.00 target price on MFA Financial and gave the company a "sector perform" rating in a research note on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.07.
Read Our Latest Analysis on MFA Financial
MFA Financial Price Performance
MFA opened at $9.14 on Monday. MFA Financial, Inc. has a 12 month low of $7.85 and a 12 month high of $13.45. The stock's 50 day moving average price is $9.46 and its 200 day moving average price is $9.84. The stock has a market cap of $938.25 million, a P/E ratio of 9.33 and a beta of 1.64.
MFA Financial (NYSE:MFA - Get Free Report) last issued 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 net margin of 18.86% and a return on equity of 9.44%. During the same period last year, the business posted $0.35 earnings per share. Equities analysts anticipate that MFA Financial, Inc. will post 1.5 EPS for the current year.
MFA Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid 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 was Monday, June 30th. MFA Financial's dividend payout ratio is currently 146.94%.
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.
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