Vanguard Group Inc. increased its stake in shares of MFA Financial Inc. (NYSE:MFA ) by 3.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,206,949 shares of the company’s stock after buying an additional 840,708 shares during the period. Vanguard Group Inc. owned approximately 7.06% of MFA Financial worth $190,525,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its position in shares of MFA Financial by 3.4% in the first quarter. TIAA CREF Investment Management LLC now owns 1,036,486 shares of the company’s stock worth $7,100,000 after buying an additional 33,700 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of MFA Financial by 18.9% in the first quarter. Prudential Financial Inc. now owns 566,942 shares of the company’s stock worth $3,884,000 after buying an additional 90,140 shares during the last quarter. BlackRock Inc. boosted its position in shares of 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. BlackRock Group LTD boosted its position in shares of MFA Financial by 17.7% in the first quarter. BlackRock Group LTD now owns 305,968 shares of the company’s stock worth $2,097,000 after buying an additional 45,986 shares during the last quarter. Finally, Menta Capital LLC acquired a new position in shares of MFA Financial during the first quarter worth about $525,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.
MFA Financial Inc. (NYSE:MFA ) opened at 7.18 on Tuesday. MFA Financial Inc. has a 12 month low of $5.61 and a 12 month high of $7.86. The company has a market capitalization of $2.66 billion, a PE ratio of 9.11 and a beta of 0.49. The stock’s 50 day moving average is $7.48 and its 200-day moving average is $7.30.
MFA Financial (NYSE:MFA ) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The business earned $66.80 million during the quarter, compared to analysts’ expectations of $74.09 million. MFA Financial had a net margin of 63.80% and a return on equity of 10.48%. The firm’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. On average, analysts expect that MFA Financial Inc. will post $0.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, September 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date of this dividend is Monday, September 26th. MFA Financial’s dividend payout ratio is 101.27%.
A number of equities analysts have issued reports on MFA shares. Zacks Investment Research raised 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. 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. Credit Suisse Group AG reissued a “hold” rating and set a $7.50 price target on shares of MFA Financial in a research report on Sunday, September 11th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. MFA Financial presently has a consensus rating of “Hold” and an average price target 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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