Nationwide Fund Advisors continued to hold its stake in MFA Financial Inc. (NYSE:MFA ) during the second quarter, Holdings Channel reports. The institutional investor owned 865,100 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors owned about 0.23% of MFA Financial worth $6,289,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of MFA Financial by 0.6% in the first quarter. State Street Corp now owns 6,160,701 shares of the company’s stock worth $42,201,000 after buying an additional 36,873 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MFA Financial by 6.5% in the first quarter. Geode Capital Management LLC now owns 4,857,496 shares of the company’s stock worth $33,273,000 after buying an additional 298,341 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of MFA Financial by 1.6% in the second quarter. Commonwealth Equity Services Inc now owns 28,629 shares of the company’s stock worth $208,000 after buying an additional 456 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of MFA Financial by 6.0% in the second quarter. Suntrust Banks Inc. now owns 62,600 shares of the company’s stock worth $454,000 after buying an additional 3,567 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of MFA Financial by 1.3% in the second quarter. Boston Partners now owns 4,754,357 shares of the company’s stock worth $34,564,000 after buying an additional 62,100 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.
Shares of MFA Financial Inc. (NYSE:MFA ) traded up 0.93% during trading on Tuesday, reaching $7.58. The company had a trading volume of 734,200 shares. MFA Financial Inc. has a 52-week low of $5.61 and a 52-week high of $7.86. The company has a 50 day moving average of $7.68 and a 200-day moving average of $7.25. The firm has a market capitalization of $2.81 billion, a P/E ratio of 9.62 and a beta of 0.53.
MFA Financial (NYSE:MFA ) last announced its earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $74.09 million. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. Equities analysts expect that MFA Financial Inc. will post $0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Wednesday, September 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.65%. The ex-dividend date of this dividend is Monday, September 26th. MFA Financial’s payout ratio is presently 101.27%.
A number of equities research analysts recently weighed in on MFA shares. Zacks Investment Research upgraded shares of MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Tuesday, September 20th. FBR & Co cut shares of MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price target on the stock. in a research report on Tuesday, September 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $7.50 price target on shares of MFA Financial in a research report on Sunday, September 11th. Compass Point cut shares of MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price target on the stock. in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG set a $7.50 price target on shares of MFA Financial and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. MFA Financial currently has an average rating of “Hold” and a consensus target price of $7.60.
MFA Financial Company Profile
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
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