Shares of MFA Financial, Inc. (NYSE:MFA) reached a new 52-week low during trading on Wednesday . The stock traded as low as $7.10 and last traded at $7.11, with a volume of 2948951 shares trading hands. The stock had previously closed at $7.29.

Several analysts have commented on the company. B. Riley restated a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. BidaskClub cut MFA Financial from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. JMP Securities cut MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. Royal Bank of Canada restated a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a report on Tuesday, November 7th. Finally, Zacks Investment Research cut MFA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.08.

The firm has a market cap of $2,842.11 and a P/E ratio of 9.81.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $55.86 million during 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%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. sell-side analysts predict that MFA Financial, Inc. will post 0.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.20%. The ex-dividend date was Wednesday, December 27th. MFA Financial’s dividend payout ratio is currently 109.59%.

In other news, insider Ronald A. Freydberg acquired 20,000 shares of MFA Financial stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $7.78 per share, with a total value of $155,600.00. Following the purchase, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.92% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFA. Janus Henderson Group PLC acquired a new position in shares of MFA Financial in the 2nd quarter valued at about $47,801,000. BlackRock Inc. lifted its stake in shares of MFA Financial by 10.0% in the 2nd quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock valued at $216,333,000 after purchasing an additional 2,350,575 shares in the last quarter. Vanguard Group Inc. lifted its position in MFA Financial by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock worth $268,322,000 after acquiring an additional 2,106,310 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in MFA Financial by 26.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,320,780 shares of the real estate investment trust’s stock worth $44,641,000 after acquiring an additional 1,102,099 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in MFA Financial by 41.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,512,200 shares of the real estate investment trust’s stock worth $29,467,000 after acquiring an additional 1,027,566 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

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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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