State Street Corp Purchases 145,992 Shares of MFA Financial, Inc. $MFA

Key Points

• State Street increased its MFA Financial stake by 6% in the second quarter, acquiring 145,992 shares and bringing its total holding to 2.58 million shares, or approximately 2.55% of the company. Institutional and hedge fund investors collectively own 65.28% of MFA Financial.
• Analyst sentiment is mixed, with four Buy, two Hold, and one Sell ratings. The consensus rating is Hold, with an average price target of $10.46 compared with the stock’s reported price of $8.19.
• MFA Financial declared a quarterly dividend of $0.36 per share, equivalent to an annualized $1.44 payout and a reported 17.6% yield. The dividend payout ratio is currently 144%.

State Street Corp boosted its stake in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,576,990 shares of the real estate investment trust's stock after buying an additional 145,992 shares during the period. State Street Corp owned about 2.55% of MFA Financial worth $25,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in shares of MFA Financial in the 2nd quarter valued at approximately $226,000. Integrated Wealth Concepts LLC bought a new position in MFA Financial in the 2nd quarter worth approximately $26,000. Corient Private Wealth LP raised its stake in MFA Financial by 60.1% during the 2nd quarter. Corient Private Wealth LP now owns 172,669 shares of the real estate investment trust's stock valued at $1,679,000 after purchasing an additional 64,845 shares during the last quarter. Amundi bought a new position in MFA Financial in the second quarter worth $130,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in MFA Financial in the 2nd quarter valued at $1,135,000. 65.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating and issued a $10.00 price target on shares of MFA Financial in a report on Thursday, August 20th. William Blair set a $11.00 price objective on MFA Financial in a research report on Tuesday, August 4th. BTIG Research raised MFA Financial from a "neutral" rating to a "buy" rating and set a $10.50 target price for the company in a research note on Wednesday, June 17th. Citigroup restated a "market outperform" rating on shares of MFA Financial in a research report on Tuesday, August 4th. Finally, Citizens Jmp decreased their price target on shares of MFA Financial from $11.50 to $11.00 and set a "market outperform" rating for the company in a report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, MFA Financial has a consensus rating of "Hold" and an average target price of $10.46.

MFA Financial Price Performance

Shares of NYSE:MFA opened at $8.19 on Friday. MFA Financial, Inc. has a 1 year low of $8.11 and a 1 year high of $10.43. The stock has a market capitalization of $827.42 million, a price-to-earnings ratio of 8.19 and a beta of 1.41. The company's 50 day simple moving average is $8.89 and its 200 day simple moving average is $9.40.

MFA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend is Monday, October 5th. MFA Financial's dividend payout ratio (DPR) is currently 144.00%.

MFA Financial Company Profile

MFA Financial, Inc is a real estate investment trust (REIT) that focuses primarily on residential mortgage assets. The company invests in and manages a portfolio that may include agency and non-agency mortgage-backed securities, residential whole loans, mortgage servicing rights and other residential credit investments.

MFA's investment activities are designed to provide exposure to the U.S. residential housing and mortgage markets. Through its affiliated businesses, the company also participates in residential lending, including financing for single-family rental properties and residential real estate investors.

Founded in 1997 and headquartered in New York City, MFA Financial has operated as a publicly traded mortgage REIT since its initial public offering in 1998.

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