Shell Asset Management Co. decreased its stake in MFA Financial Inc. (NYSE:MFA ) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 69,244 shares of the company’s stock after selling 3,947 shares during the period. Shell Asset Management Co.’s holdings in MFA Financial were worth $503,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MFA . BLB&B Advisors LLC increased its stake in 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 during the period. Rafferty Asset Management LLC increased its stake in MFA Financial by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 48,880 shares of the company’s stock valued at $335,000 after buying an additional 16,104 shares during the period. BlackRock Inc. increased its stake in MFA Financial by 339.5% in the first quarter. BlackRock Inc. now owns 52,470 shares of the company’s stock worth $359,000 after buying an additional 40,532 shares during the last quarter. Pacad Investment Ltd. increased its stake in MFA Financial by 250.0% in the first quarter. Pacad Investment Ltd. now owns 56,700 shares of the company’s stock worth $388,000 after buying an additional 40,500 shares during the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in MFA Financial by 71.2% in the first quarter. Cypress Wealth Advisors LLC now owns 66,691 shares of the company’s stock worth $457,000 after buying an additional 27,744 shares during the last quarter. Institutional investors own 84.68% of the company’s stock.
Shares of MFA Financial Inc. (NYSE:MFA ) traded up 0.14% during midday trading on Friday, hitting $7.08. The stock had a trading volume of 2,065,210 shares. The firm’s 50-day moving average price is $7.56 and its 200-day moving average price is $7.27. MFA Financial Inc. has a 1-year low of $5.61 and a 1-year high of $7.86. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 8.98 and a beta of 0.49.
MFA Financial (NYSE:MFA ) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company earned $66.80 million during the quarter, compared to analyst estimates of $74.09 million. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. Analysts forecast that MFA Financial Inc. will post $0.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, September 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.30%. The ex-dividend date is Monday, September 26th. MFA Financial’s dividend payout ratio is 101.27%.
A number of analysts have recently weighed in on MFA shares. Compass Point downgraded MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 target price for the company. in a research report on Wednesday, June 15th. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Thursday, August 4th. Deutsche Bank AG set a $7.50 price target on MFA Financial and gave the stock a “hold” rating in a report on Tuesday, August 9th. FBR & Co cut MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price target for the company. in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $7.50 target price on shares of MFA Financial in a report on Sunday, September 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. MFA Financial currently has a consensus rating of “Hold” and a consensus price target 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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