Wolverine Asset Management LLC Has $15.39 Million Position in MFA Financial, Inc. $MFA

Key Points

• Wolverine Asset Management increased its stake in MFA Financial by 9.2% to 1,653,062 shares, a $15.39 million position representing about 1.62% of the company at quarter-end.
• MFA pays a quarterly dividend of $0.36 (annualized $1.44) for a 13.9% yield
• Analysts hold a consensus "Hold" rating with an average target of $10.81 (several firms recently raised targets to $11); the stock trades around $10.40 with a market cap of $1.06 billion and a PE of 8.06.

Wolverine Asset Management LLC lifted its holdings in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,062 shares of the real estate investment trust's stock after purchasing an additional 139,559 shares during the quarter. Wolverine Asset Management LLC owned 1.62% of MFA Financial worth $15,390,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of MFA Financial during the third quarter worth about $27,000. Headlands Technologies LLC raised its position in shares of MFA Financial by 62.3% during the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,149 shares during the period. GAMMA Investing LLC raised its position in shares of MFA Financial by 86.1% during the fourth quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 2,096 shares during the period. US Bancorp DE raised its position in shares of MFA Financial by 540.5% during the third quarter. US Bancorp DE now owns 5,925 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 5,000 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of MFA Financial by 23.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,340 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 1,417 shares during the period. Institutional investors and hedge funds own 65.28% of the company's stock.

MFA Financial Stock Performance

Shares of MFA Financial stock opened at $10.40 on Monday. The business's 50 day simple moving average is $9.98 and its 200 day simple moving average is $9.68. MFA Financial, Inc. has a 52-week low of $8.78 and a 52-week high of $10.56. The firm has a market cap of $1.06 billion, a PE ratio of 8.06 and a beta of 1.47.

MFA Financial (NYSE:MFA - Get Free Report) last announced its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.27. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.The business had revenue of $88.72 million for the quarter, compared to analyst estimates of $60.56 million. During the same quarter last year, the firm earned $0.39 EPS.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date was Tuesday, March 31st. MFA Financial's dividend payout ratio (DPR) is currently 111.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MFA shares. Keefe, Bruyette & Woods raised their price target on MFA Financial from $10.00 to $11.00 and gave the stock a "market perform" rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their target price on MFA Financial from $10.00 to $11.00 and gave the company a "sector perform" rating in a research report on Thursday, March 5th. Citigroup reissued an "outperform" rating on shares of MFA Financial in a research report on Monday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of MFA Financial in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.81.

MFA Financial Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company's primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial's investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.

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