MFA Financial, Inc. $MFA Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in MFA Financial by 29%, selling 456,359 shares and now holds a total of 1,115,472 shares valued at approximately $11.45 million.
• MFA Financial's stock dropped by 1.4%, and the company reported a net margin of 17.62% with a quarterly earnings miss, recording $0.24 EPS compared to the expected $0.29.
• The firm has recently announced a quarterly dividend of $0.36, with a high annualized yield of 14.1% despite a payout ratio of 165.52%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in MFA Financial, Inc. (NYSE:MFA - Free Report) by 29.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,115,472 shares of the real estate investment trust's stock after selling 456,359 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.09% of MFA Financial worth $11,445,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of MFA Financial during the first quarter worth about $25,000. MQS Management LLC purchased a new stake in shares of MFA Financial during the first quarter worth about $131,000. State of Wyoming purchased a new stake in shares of MFA Financial during the fourth quarter worth about $137,000. PharVision Advisers LLC purchased a new stake in shares of MFA Financial during the fourth quarter worth about $140,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of MFA Financial during the first quarter worth about $144,000. Hedge funds and other institutional investors own 65.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JMP Securities lowered their price target on shares of MFA Financial from $12.00 to $11.00 and set a "market outperform" rating for the company in a report on Thursday, July 17th. Royal Bank Of Canada set a $10.00 target price on shares of MFA Financial and gave the company a "sector perform" rating in a report on Wednesday, May 28th. UBS Group restated a "buy" rating on shares of MFA Financial in a report on Wednesday, September 3rd. Jones Trading restated a "hold" rating on shares of MFA Financial in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods downgraded shares of MFA Financial from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $12.00 to $10.00 in a report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MFA Financial presently has an average rating of "Moderate Buy" and an average price target of $12.14.

MFA Financial Stock Down 0.2%

Shares of NYSE MFA traded down $0.03 during trading on Monday, reaching $10.09. 233,403 shares of the stock were exchanged, compared to its average volume of 1,282,283. The business's 50-day moving average price is $9.67 and its 200 day moving average price is $9.72. MFA Financial, Inc. has a twelve month low of $7.85 and a twelve month high of $13.45. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.58 and a beta of 1.68.

MFA Financial (NYSE:MFA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). MFA Financial had a return on equity of 8.61% and a net margin of 17.62%.The firm had revenue of $61.28 million for the quarter, compared to analyst estimates of $59.50 million. During the same period in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts expect that MFA Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

MFA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Tuesday, September 30th. MFA Financial's payout ratio is presently 165.52%.

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.