MFA Financial, Inc. (NYSE:MFA) Announces Quarterly Dividend of $0.36

Key Points

• MFA Financial, Inc. has declared a quarterly dividend of $0.36 per share, with a dividend yield of 14.1%, set to be paid on October 31st to investors of record as of September 30th.
• The company has a dividend payout ratio of 104.3%, indicating that it is relying on its balance sheet to cover dividend payments rather than earnings alone.
• Despite reporting earnings of $0.24 per share for the last quarter, which missed estimates, MFA Financial had a market cap of $1.05 billion and saw bullish market ratings with a consensus rating of "Moderate Buy."

MFA Financial, Inc. (NYSE:MFA - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.36 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date is Tuesday, September 30th.

MFA Financial has a dividend payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Trading Down 1.5%

MFA Financial stock traded down $0.15 during mid-day trading on Tuesday, hitting $9.97. The stock had a trading volume of 1,768,970 shares, compared to its average volume of 915,393. The firm has a market capitalization of $1.02 billion, a P/E ratio of 11.46 and a beta of 1.68. The firm's 50 day moving average is $9.69 and its 200 day moving average is $9.72. MFA Financial has a one year low of $7.85 and a one year high of $13.45.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of MFA Financial by 31.2% in the 4th quarter. Bank of America Corp DE now owns 124,317 shares of the real estate investment trust's stock valued at $1,267,000 after acquiring an additional 29,584 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of MFA Financial by 50.5% in the 4th quarter. Deutsche Bank AG now owns 84,502 shares of the real estate investment trust's stock valued at $861,000 after acquiring an additional 28,348 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of MFA Financial by 15.7% in the 1st quarter. Natixis Advisors LLC now owns 1,085,679 shares of the real estate investment trust's stock valued at $11,139,000 after acquiring an additional 147,498 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of MFA Financial in the 1st quarter valued at about $589,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MFA Financial by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 181,431 shares of the real estate investment trust's stock valued at $1,849,000 after acquiring an additional 23,950 shares during the last quarter. Institutional investors own 65.28% of the company's stock.

MFA Financial Company 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.