Principal Financial Group Inc. Sells 217,713 Shares of MFA Financial, Inc. (MFA)

Principal Financial Group Inc. lessened its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 77.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,163 shares of the real estate investment trust’s stock after selling 217,713 shares during the period. Principal Financial Group Inc.’s holdings in MFA Financial were worth $530,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MFA. Public Employees Retirement Association of Colorado lifted its holdings in shares of MFA Financial by 5.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 678 shares during the period. World Asset Management Inc lifted its holdings in MFA Financial by 7.9% in the second quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 1,049 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MFA Financial by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,563 shares during the period. Sigma Planning Corp lifted its holdings in MFA Financial by 26.0% in the second quarter. Sigma Planning Corp now owns 19,120 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,946 shares during the period. Finally, Signaturefd LLC lifted its holdings in MFA Financial by 8.8% in the first quarter. Signaturefd LLC now owns 24,382 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 1,966 shares during the period. Institutional investors own 80.10% of the company’s stock.

MFA Financial (NYSE:MFA) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. During the same period last year, the company posted $0.20 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.22%. MFA Financial’s dividend payout ratio is 102.56%.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a report on Friday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.50 target price on shares of MFA Financial in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $8.81.

TRADEMARK VIOLATION NOTICE: “Principal Financial Group Inc. Sells 217,713 Shares of MFA Financial, Inc. (MFA)” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/2956666/principal-financial-group-inc-sells-217713-shares-of-mfa-financial-inc-mfa.html.

MFA Financial Company Profile

MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.

Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFA Financial, Inc. (NYSE:MFA).

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

Receive News & Ratings for MFA Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.