Magnetar Financial LLC Takes $856,000 Position in MFA Financial, Inc. (MFA)
Magnetar Financial LLC acquired a new stake in shares of MFA Financial, Inc. (NYSE:MFA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 97,753 shares of the real estate investment trust’s stock, valued at approximately $856,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in MFA. Public Employees Retirement Association of Colorado grew its position in 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 valued at $104,000 after purchasing an additional 678 shares in the last quarter. Great West Life Assurance Co. Can grew its position in MFA Financial by 23.9% in the second quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 8,209 shares in the last quarter. World Asset Management Inc grew its position 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 worth $120,000 after acquiring an additional 1,049 shares in the last quarter. Sei Investments Co. grew its position in MFA Financial by 52.8% in the second quarter. Sei Investments Co. now owns 373,008 shares of the real estate investment trust’s stock worth $3,129,000 after acquiring an additional 128,950 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in MFA Financial in the second quarter worth approximately $751,000. 80.71% of the stock is currently owned by hedge funds and other institutional investors.
MFA has been the subject of several recent research reports. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Royal Bank Of Canada restated a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a research note on Tuesday, November 7th. Finally, JMP Securities cut shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.08.
MFA Financial, Inc. (NYSE MFA) traded up $0.02 during trading hours on Monday, reaching $8.06. 1,369,000 shares of the company traded hands, compared to its average volume of 2,156,094. The firm has a market cap of $3,200.00, a PE ratio of 11.04 and a beta of 0.66. MFA Financial, Inc. has a 1 year low of $7.53 and a 1 year high of $8.90.
MFA Financial (NYSE:MFA) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million for the quarter, compared to analyst estimates of $71.13 million. MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. MFA Financial’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. equities research analysts anticipate that MFA Financial, Inc. will post 0.77 earnings per share for the current fiscal year.
In related news, insider Ronald A. Freydberg bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $7.78 per share, for a total transaction of $155,600.00. Following the purchase, the insider now directly owns 579,714 shares in the company, valued at $4,510,174.92. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.92% of the stock is owned by corporate insiders.
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About MFA Financial
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.
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