MFA Financial, Inc. (MFA) Stake Increased by Wasatch Advisors Inc.
Wasatch Advisors Inc. grew its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 58.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715,496 shares of the real estate investment trust’s stock after acquiring an additional 633,880 shares during the period. Wasatch Advisors Inc. owned about 0.43% of MFA Financial worth $15,028,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MFA. Janus Henderson Group PLC acquired a new stake in shares of MFA Financial during the second quarter valued at about $47,801,000. BlackRock Inc. grew its stake in shares of MFA Financial by 10.0% during the second quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock valued at $216,333,000 after acquiring an additional 2,350,575 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of MFA Financial by 7.1% during the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock valued at $268,322,000 after acquiring an additional 2,106,310 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of MFA Financial by 459.4% during the second quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock valued at $15,371,000 after acquiring an additional 1,504,565 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of MFA Financial by 26.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,320,780 shares of the real estate investment trust’s stock valued at $44,641,000 after acquiring an additional 1,102,099 shares in the last quarter. Institutional investors own 80.62% of the company’s stock.
In other MFA Financial news, insider Ronald A. Freydberg bought 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $7.78 per share, with a total value of $155,600.00. Following the completion of the acquisition, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% of the company’s stock.
Shares of MFA Financial, Inc. (NYSE MFA) traded up $0.05 during mid-day trading on Thursday, hitting $8.19. 1,444,600 shares of the stock traded hands, compared to its average volume of 2,176,122. MFA Financial, Inc. has a twelve month low of $7.53 and a twelve month high of $8.90. The company has a market capitalization of $3,231.12, a PE ratio of 11.15 and a beta of 0.68.
MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The company had revenue of $55.86 million for the quarter, compared to the consensus estimate of $71.13 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. analysts forecast that MFA Financial, Inc. will post 0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 9.77%. MFA Financial’s dividend payout ratio is currently 109.59%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, October 4th. BidaskClub cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price target on shares of MFA Financial in a research report on Friday, August 4th. JMP Securities cut shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.08.
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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.
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