MFA Financial, Inc. (NYSE:MFA) Shares Purchased by Bank of America Corp DE

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

Other hedge funds have also made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of MFA Financial during the fourth quarter worth $27,000. Sterling Capital Management LLC boosted its holdings in MFA Financial by 823.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,278 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 2,923 shares during the last quarter. Quarry LP acquired a new position in MFA Financial in the fourth quarter valued at $36,000. Parkside Financial Bank & Trust acquired a new position in MFA Financial in the fourth quarter valued at $46,000. Finally, Strategic Financial Concepts LLC acquired a new position in MFA Financial in the fourth quarter valued at $104,000. Institutional investors and hedge funds own 65.28% of the company's stock.

Wall Street Analyst Weigh In

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

MFA Financial Price Performance

NYSE:MFA opened at $9.48 on Friday. The business's 50-day moving average is $9.38 and its two-hundred day moving average is $10.16. MFA Financial, Inc. has a 12 month low of $7.85 and a 12 month high of $13.45. The firm has a market capitalization of $972.64 million, a PE ratio of 11.70 and a beta of 1.69.

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

About MFA Financial

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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