Principal Financial Group Inc. Grows Stake in MFA Financial, Inc. (NYSE:MFA)

Principal Financial Group Inc. increased its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,182 shares of the real estate investment trust’s stock after purchasing an additional 5,273 shares during the quarter. Principal Financial Group Inc.’s holdings in MFA Financial were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MFA. Eaton Vance Management bought a new position in MFA Financial during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in MFA Financial by 60.8% during the second quarter. Meeder Asset Management Inc. now owns 9,155 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 3,460 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in MFA Financial by 30.2% during the second quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,550 shares during the last quarter. Profund Advisors LLC bought a new position in MFA Financial during the first quarter valued at approximately $56,000. Finally, Tudor Investment Corp Et Al bought a new position in MFA Financial during the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 60.63% of the company’s stock.

NYSE:MFA opened at $4.67 on Thursday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 8.49 and a beta of 1.74. MFA Financial, Inc. has a 1 year low of $2.66 and a 1 year high of $4.90. The business has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.53.

MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Thursday, August 5th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. MFA Financial had a return on equity of 11.23% and a net margin of 81.49%. On average, analysts expect that MFA Financial, Inc. will post 0.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Thursday, September 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date is Wednesday, September 29th. MFA Financial’s dividend payout ratio is currently 80.00%.

A number of equities analysts recently commented on MFA shares. Zacks Investment Research lowered MFA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet lowered MFA Financial from a “b-” rating to a “c” rating in a research note on Thursday, August 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $4.69.

MFA Financial Profile

MFA Financial, Inc operates as a real estate investment trust, which engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, non-agency mortgage-backed securities, and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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