IBM Retirement Fund decreased its stake in shares of MFA Financial Inc. (NYSE:MFA ) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,366 shares of the company’s stock after selling 427 shares during the period. IBM Retirement Fund’s holdings in MFA Financial were worth $272,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Willingdon Wealth Management purchased a new position in shares of MFA Financial during the second quarter valued at approximately $2,935,000. BLB&B Advisors LLC raised its position in shares of MFA Financial by 4.2% in the second quarter. BLB&B Advisors LLC now owns 24,695 shares of the company’s stock valued at $180,000 after buying an additional 1,000 shares in the last quarter. Barclays PLC raised its position in shares of MFA Financial by 113.0% in the first quarter. Barclays PLC now owns 265,609 shares of the company’s stock valued at $1,593,000 after buying an additional 140,932 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of MFA Financial by 27.3% in the first quarter. A.R.T. Advisors LLC now owns 109,947 shares of the company’s stock valued at $753,000 after buying an additional 23,600 shares in the last quarter. Finally, Williams Jones & Associates LLC raised its position in shares of MFA Financial by 1.8% in the first quarter. Williams Jones & Associates LLC now owns 430,702 shares of the company’s stock valued at $2,950,000 after buying an additional 7,775 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.
Shares of MFA Financial Inc. (NYSE:MFA ) traded up 0.27% during midday trading on Friday, reaching $7.48. The company’s stock had a trading volume of 1,905,677 shares. The company has a market cap of $2.78 billion, a P/E ratio of 9.49 and a beta of 0.53. MFA Financial Inc. has a 12-month low of $5.61 and a 12-month high of $7.86. The stock’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.26.
MFA Financial (NYSE:MFA ) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The company had revenue of $66.80 million for the quarter, compared to the consensus estimate of $74.09 million. During the same quarter in the prior year, the business earned $0.20 EPS. MFA Financial’s revenue was down 17.6% on a year-over-year basis. On average, analysts expect that MFA Financial Inc. will post $0.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Wednesday, September 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.70%. MFA Financial’s payout ratio is currently 101.27%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Tuesday, September 20th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $7.50 price objective on shares of MFA Financial in a research report on Sunday, September 11th. FBR & Co downgraded MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price objective on the stock. in a research report on Tuesday, September 6th. Deutsche Bank AG set a $7.50 price objective on MFA Financial and gave the company a “hold” rating in a research report on Tuesday, August 9th. Finally, Compass Point downgraded MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price objective on the stock. in a research report on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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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