UBS Asset Management Americas Inc. decreased its stake in MFA Financial Inc. (NYSE:MFA ) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 324,383 shares of the company’s stock after selling 2,116 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of MFA Financial worth $2,359,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new position in shares of MFA Financial during the second quarter valued at $166,000. BLB&B Advisors LLC boosted 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. Commonwealth Equity Services Inc boosted its position 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 valued at $208,000 after buying an additional 456 shares in the last quarter. Argent Trust Co acquired a new position in shares of MFA Financial during the second quarter valued at $248,000. Finally, GSA Capital Partners LLP acquired a new position in shares of MFA Financial during the second quarter valued at $264,000. Institutional investors and hedge funds own 84.68% of the company’s stock.
Shares of MFA Financial Inc. (NYSE:MFA ) traded up 0.14% during mid-day trading on Friday, reaching $7.08. 2,065,210 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.63 billion, a PE ratio of 8.98 and a beta of 0.49. The company’s 50 day moving average is $7.56 and its 200 day moving average is $7.27. MFA Financial Inc. has a 1-year low of $5.61 and a 1-year high of $7.86.
MFA Financial (NYSE:MFA ) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. MFA Financial had a net margin of 63.80% and a return on equity of 10.48%. The business had revenue of $66.80 million for the quarter, compared to analyst estimates of $74.09 million. During the same quarter in the prior year, the business posted $0.20 EPS. MFA Financial’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities research analysts anticipate 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 paid a $0.20 dividend. The ex-dividend date is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.30%. MFA Financial’s payout ratio is currently 101.27%.
Several brokerages have recently weighed in on MFA . Zacks Investment Research cut shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. 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 note on Tuesday, September 6th. Credit Suisse Group AG reiterated a “hold” rating and set a $7.50 price target on shares of MFA Financial in a research note on Sunday, September 11th. Compass Point cut shares of MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research note on Wednesday, June 15th. Finally, Deutsche Bank AG set a $7.50 target price on shares of MFA Financial and gave the company a “hold” rating in a research note on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.60.
About MFA Financial
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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