SG Americas Securities LLC Trims Stake in MFA Financial, Inc. (MFA)
SG Americas Securities LLC reduced its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 57.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,200 shares of the real estate investment trust’s stock after selling 35,050 shares during the quarter. SG Americas Securities LLC’s holdings in MFA Financial were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of MFA Financial during the 3rd quarter valued at approximately $220,000. State of Alaska Department of Revenue bought a new position in shares of MFA Financial during the 4th quarter valued at approximately $221,000. Barings LLC bought a new position in shares of MFA Financial during the 3rd quarter valued at approximately $262,000. GSA Capital Partners LLP grew its position in shares of MFA Financial by 106.5% during the 3rd quarter. GSA Capital Partners LLP now owns 33,397 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 17,223 shares during the period. Finally, Creative Planning grew its position in shares of MFA Financial by 30.2% during the 4th quarter. Creative Planning now owns 45,303 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 10,499 shares during the period. 80.64% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. Royal Bank of Canada restated a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research note on Tuesday, November 7th. Finally, B. Riley set a $8.00 price target on shares of MFA Financial and gave the company a “hold” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.81.
MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $52.41 million for the quarter, compared to analysts’ expectations of $76.10 million. MFA Financial had a net margin of 69.87% and a return on equity of 10.04%. During the same period in the prior year, the company posted $0.18 EPS. analysts forecast that MFA Financial, Inc. will post 0.8 EPS for the current year.
In other MFA Financial news, CEO Craig L. Knutson purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average cost of $7.30 per share, for a total transaction of $58,400.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.
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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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