According to Zacks, “MFA Mortgage Investments, Inc. operates as a real estate investment trust primarily engaged in the business of investing in mortgage-backed securities. The company also has indirect investment in Lealand Place, a multifamily apartment property located in Lawrenceville, Georgia. In addition, it provides investment advisory services to a third-party institution with respect to their MBS portfolio investments. “
Several other research analysts have also commented on MFA. Keefe, Bruyette & Woods upgraded shares of MFA FINL INC/SH from a market perform rating to an outperform rating and set a $8.00 price target on the stock in a report on Thursday, May 16th. JMP Securities lowered shares of MFA FINL INC/SH from an outperform rating to a market perform rating in a report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $7.83.
MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $61.93 million for the quarter, compared to analysts’ expectations of $60.20 million. MFA FINL INC/SH had a return on equity of 8.83% and a net margin of 62.34%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, equities analysts expect that MFA FINL INC/SH will post 0.72 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 11.53%. MFA FINL INC/SH’s payout ratio is 117.65%.
A number of hedge funds and other institutional investors have recently bought and sold shares of MFA. FMR LLC grew its position in MFA FINL INC/SH by 8.1% in the first quarter. FMR LLC now owns 44,874,190 shares of the real estate investment trust’s stock valued at $326,235,000 after acquiring an additional 3,361,407 shares in the last quarter. Wedge Capital Management L L P NC grew its position in MFA FINL INC/SH by 8.5% in the first quarter. Wedge Capital Management L L P NC now owns 7,720,056 shares of the real estate investment trust’s stock valued at $56,125,000 after acquiring an additional 603,387 shares in the last quarter. Geode Capital Management LLC grew its position in MFA FINL INC/SH by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 7,304,602 shares of the real estate investment trust’s stock valued at $48,794,000 after acquiring an additional 357,270 shares in the last quarter. Boston Partners grew its position in MFA FINL INC/SH by 2.6% in the first quarter. Boston Partners now owns 6,390,451 shares of the real estate investment trust’s stock valued at $46,459,000 after acquiring an additional 161,692 shares in the last quarter. Finally, LSV Asset Management grew its position in MFA FINL INC/SH by 12.9% in the first quarter. LSV Asset Management now owns 6,256,943 shares of the real estate investment trust’s stock valued at $45,487,000 after acquiring an additional 713,543 shares in the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.
MFA FINL INC/SH Company Profile
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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