MFA Financial (MFA) Reaches New 1-Year Low at $7.10
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.
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.
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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