Bank of America Corp DE Buys 29,584 Shares of MFA Financial, Inc. (NYSE:MFA)

Bank of America Corp DE lifted its holdings in MFA Financial, Inc. (NYSE:MFA - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,317 shares of the real estate investment trust's stock after acquiring an additional 29,584 shares during the period. Bank of America Corp DE owned approximately 0.12% of MFA Financial worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of MFA Financial by 11.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,085,927 shares of the real estate investment trust's stock valued at $51,824,000 after buying an additional 502,840 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in MFA Financial by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,895,670 shares of the real estate investment trust's stock valued at $19,317,000 after acquiring an additional 60,261 shares in the last quarter. Invesco Ltd. raised its position in shares of MFA Financial by 16.9% in the 4th quarter. Invesco Ltd. now owns 1,223,112 shares of the real estate investment trust's stock valued at $12,464,000 after purchasing an additional 177,067 shares during the last quarter. Northern Trust Corp lifted its stake in MFA Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,006,842 shares of the real estate investment trust's stock valued at $10,260,000 after acquiring an additional 97,945 shares during the period. Finally, Natixis Advisors LLC boosted its position in MFA Financial by 4.4% during the fourth quarter. Natixis Advisors LLC now owns 938,181 shares of the real estate investment trust's stock worth $9,560,000 after purchasing an additional 39,969 shares in the last quarter. Institutional investors own 65.28% of the company's stock.

MFA Financial Trading Up 0.3%

Shares of MFA traded up $0.03 on Monday, reaching $9.56. 1,123,045 shares of the company's stock were exchanged, compared to its average volume of 1,052,948. The business has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $10.14. 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 $980.85 million, a P/E ratio of 11.80 and a beta of 1.66.

MFA Financial (NYSE:MFA - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $57.54 million during the quarter, compared to the consensus estimate of $48.80 million. MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. During the same period in the prior year, the business posted $0.35 earnings per share. Equities research analysts predict that MFA Financial, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada set a $10.00 price objective on MFA Financial and gave the stock a "sector perform" rating in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods cut their price target on MFA Financial from $12.50 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of MFA Financial from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, JMP Securities decreased their price target on shares of MFA Financial from $12.50 to $12.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, MFA Financial has an average rating of "Moderate Buy" and a consensus target price of $12.92.

MFA Financial Profile

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.