Parkwood LLC Trims Stake in MFA Financial, Inc. (MFA)
Parkwood LLC cut its position in MFA Financial, Inc. (NYSE:MFA) by 53.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,821 shares of the real estate investment trust’s stock after selling 13,318 shares during the period. Parkwood LLC’s holdings in MFA Financial were worth $104,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. IHT Wealth Management LLC acquired a new stake in shares of MFA Financial in the 2nd quarter valued at about $291,000. Public Employees Retirement Association of Colorado grew its stake in shares of MFA Financial by 5.8% in the 2nd 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 buying an additional 678 shares during the period. Franklin Resources Inc. acquired a new stake in shares of MFA Financial in the 2nd quarter valued at about $116,000. World Asset Management Inc grew its stake in shares of MFA Financial by 7.9% in the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 1,049 shares during the period. Finally, Ffcm LLC grew its stake in shares of MFA Financial by 144.2% in the 2nd quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 8,936 shares during the period. Institutional investors own 80.27% of the company’s stock.
MFA has been the subject of several research reports. Royal Bank Of Canada restated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a research note on Friday, August 4th. BidaskClub downgraded MFA Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.08.
MFA Financial, Inc. (MFA) opened at $7.92 on Thursday. MFA Financial, Inc. has a 1 year low of $7.22 and a 1 year high of $8.90. The firm has a market cap of $3,080.28, a PE ratio of 10.63 and a beta of 0.68.
MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The business had revenue of $55.86 million during 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. MFA Financial’s revenue was down 13.5% compared to the same quarter last year. equities analysts predict that MFA Financial, Inc. will post 0.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Thursday, September 28th were given a $0.20 dividend. The ex-dividend date was Wednesday, September 27th. This represents a $0.80 annualized dividend and a yield of 10.10%. MFA Financial’s payout ratio is 109.59%.
In other MFA Financial news, insider Ronald A. Freydberg purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $7.78 per share, with a total value of $155,600.00. Following the transaction, the insider now owns 579,714 shares in the company, valued at $4,510,174.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by company insiders.
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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