Russell Investments Group Ltd. decreased its position in shares of MFA Financial, Inc. (NYSE:MFA) by 16.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 399,265 shares of the real estate investment trust’s stock after selling 76,070 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of MFA Financial worth $3,350,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Prudential Financial Inc. boosted its stake in shares of MFA Financial by 3.2% in the first quarter. Prudential Financial Inc. now owns 598,556 shares of the real estate investment trust’s stock worth $4,836,000 after buying an additional 18,297 shares during the last quarter. Principal Financial Group Inc. boosted its stake in MFA Financial by 1.3% in the first quarter. Principal Financial Group Inc. now owns 280,876 shares of the real estate investment trust’s stock valued at $2,269,000 after buying an additional 3,504 shares in the last quarter. First Trust Advisors LP boosted its stake in MFA Financial by 11.6% in the first quarter. First Trust Advisors LP now owns 3,199,466 shares of the real estate investment trust’s stock valued at $25,852,000 after buying an additional 333,383 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in MFA Financial by 2.5% in the first quarter. Cypress Wealth Advisors LLC now owns 64,785 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 1,593 shares in the last quarter. Finally, Geneva Advisors LLC boosted its stake in MFA Financial by 119.4% in the first quarter. Geneva Advisors LLC now owns 195,342 shares of the real estate investment trust’s stock valued at $1,578,000 after buying an additional 106,297 shares in the last quarter. Institutional investors own 80.10% of the company’s stock.

MFA Financial, Inc. (NYSE:MFA) remained flat at $8.74 during mid-day trading on Tuesday. The company had a trading volume of 564,835 shares. MFA Financial, Inc. has a 12 month low of $7.03 and a 12 month high of $8.90. The stock’s 50-day moving average price is $8.66 and its 200 day moving average price is $8.31. The company has a market cap of $3.46 billion, a P/E ratio of 11.02 and a beta of 0.72.

MFA Financial (NYSE:MFA) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The firm had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $68.91 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that MFA Financial, Inc. will post $0.77 EPS for the current year.

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Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a research note on Friday, May 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 target price on shares of MFA Financial in a research note on Friday, August 4th. BidaskClub upgraded shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 19th. Finally, Wells Fargo & Company upgraded shares of MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. MFA Financial currently has a consensus rating of “Buy” and an average price target of $8.29.

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

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