Millennium Management LLC Sells 607,619 Shares of MFA Financial, Inc. (NYSE:MFA)

Millennium Management LLC decreased its position in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 89.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,224 shares of the real estate investment trust's stock after selling 607,619 shares during the quarter. Millennium Management LLC owned approximately 0.07% of MFA Financial worth $736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $19,317,000 after acquiring an additional 60,261 shares during the period. Barclays PLC lifted its holdings in MFA Financial by 902.9% during the 3rd quarter. Barclays PLC now owns 374,481 shares of the real estate investment trust's stock worth $4,764,000 after purchasing an additional 337,142 shares in the last quarter. Deutsche Bank AG lifted its holdings in MFA Financial by 50.5% during the 4th quarter. Deutsche Bank AG now owns 84,502 shares of the real estate investment trust's stock worth $861,000 after purchasing an additional 28,348 shares in the last quarter. Invesco Ltd. lifted its holdings in MFA Financial by 16.9% during the 4th 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. Finally, Northern Trust Corp lifted its holdings 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 worth $10,260,000 after purchasing an additional 97,945 shares in the last quarter. Institutional investors own 65.28% of the company's stock.

Analysts Set New Price Targets

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

MFA Financial Stock Up 0.6%

NYSE:MFA opened at $9.54 on Friday. The business's 50-day moving average price is $9.36 and its two-hundred day moving average price is $10.15. MFA Financial, Inc. has a twelve month low of $7.85 and a twelve month high of $13.45. The stock has a market cap of $978.80 million, a P/E ratio of 11.77 and a beta of 1.69.

MFA Financial (NYSE:MFA - Get Free Report) last released its quarterly 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). MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. The business had revenue of $57.54 million during the quarter, compared to analysts' expectations of $48.80 million. During the same period in the previous year, the business earned $0.35 EPS. On average, equities research analysts expect that MFA Financial, Inc. will post 1.5 EPS for the current fiscal 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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