Jennison Associates LLC raised its position in shares of MFA FINL INC/SH (NYSE:MFA) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,053,608 shares of the real estate investment trust’s stock after purchasing an additional 63,926 shares during the quarter. Jennison Associates LLC owned 3.12% of MFA FINL INC/SH worth $100,905,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in MFA FINL INC/SH during the 1st quarter valued at about $63,000. Osborn Williams & Donohoe LLC purchased a new stake in MFA FINL INC/SH during the 1st quarter valued at about $66,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in MFA FINL INC/SH during the 2nd quarter valued at about $72,000. Claraphi Advisory Network LLC purchased a new stake in MFA FINL INC/SH during the 2nd quarter valued at about $80,000. Finally, Synovus Financial Corp grew its stake in MFA FINL INC/SH by 30.3% during the 1st quarter. Synovus Financial Corp now owns 11,108 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,581 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.
Shares of MFA traded down $0.02 during mid-day trading on Friday, reaching $7.24. The company had a trading volume of 2,849,280 shares, compared to its average volume of 2,330,285. MFA FINL INC/SH has a 52-week low of $6.40 and a 52-week high of $7.82. The stock has a market capitalization of $3.27 billion, a P/E ratio of 10.52 and a beta of 0.54. The stock has a 50 day moving average of $7.24 and a two-hundred day moving average of $7.29.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.05%. MFA FINL INC/SH’s payout ratio is 117.65%.
A number of brokerages have recently commented on MFA. Zacks Investment Research upgraded MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods upgraded MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research note on Thursday, May 16th. Finally, JMP Securities downgraded MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.83.
About MFA FINL INC/SH
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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