State Street Corp Increases Holdings in MFA Financial, Inc. (MFA)
State Street Corp boosted its position in shares of MFA Financial, Inc. (NYSE:MFA) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,756,834 shares of the real estate investment trust’s stock after purchasing an additional 26,708 shares during the period. State Street Corp owned about 1.45% of MFA Financial worth $48,305,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in MFA Financial by 13,441.2% in the 1st quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock valued at $189,346,000 after buying an additional 23,260,960 shares during the period. Janus Henderson Group PLC purchased a new stake in MFA Financial in the 2nd quarter valued at about $47,801,000. Vanguard Group Inc. boosted its position in MFA Financial by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock valued at $268,322,000 after buying an additional 2,106,310 shares during the period. JPMorgan Chase & Co. boosted its position in MFA Financial by 459.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock valued at $15,371,000 after buying an additional 1,504,565 shares during the period. Finally, First Quadrant L P CA boosted its position in MFA Financial by 115.9% in the 2nd quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock valued at $17,559,000 after buying an additional 1,123,603 shares during the period. Institutional investors own 80.18% of the company’s stock.
Several equities research analysts have recently weighed in on MFA shares. JMP Securities cut shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 target price on shares of MFA Financial in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.81.
Shares of MFA Financial, Inc. (MFA) opened at $7.99 on Friday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 10.88 and a beta of 0.68.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. MFA Financial had a net margin of 59.03% and a return on equity of 9.43%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. analysts expect that MFA Financial, Inc. will post 0.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.01%. The ex-dividend date of this dividend was Wednesday, September 27th. MFA Financial’s dividend payout ratio is currently 109.59%.
MFA Financial Company Profile
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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