Cannell & Spears LLC boosted its holdings in MFA Financial, Inc. (NYSE:MFA - Free Report) by 243.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,700 shares of the real estate investment trust's stock after acquiring an additional 40,900 shares during the quarter. Cannell & Spears LLC owned about 0.06% of MFA Financial worth $588,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independent Advisor Alliance boosted its position in MFA Financial by 0.7% during the fourth quarter. Independent Advisor Alliance now owns 174,183 shares of the real estate investment trust's stock worth $1,775,000 after purchasing an additional 1,224 shares in the last quarter. Zacks Investment Management raised its position in MFA Financial by 12.7% during the third quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,281 shares during the last quarter. Rhumbline Advisers lifted its stake in MFA Financial by 1.4% in the 4th quarter. Rhumbline Advisers now owns 166,046 shares of the real estate investment trust's stock valued at $1,692,000 after buying an additional 2,287 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of MFA Financial in the fourth quarter valued at $46,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in MFA Financial by 7.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,003 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 5,173 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MFA. JMP Securities reduced their target price on MFA Financial from $13.50 to $12.50 and set a "market outperform" rating on the stock in a research report on Thursday, January 23rd. StockNews.com lowered MFA Financial from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research report on Thursday, January 2nd. They issued a "buy" rating and a $14.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their target price on MFA Financial from $13.50 to $12.50 and set an "outperform" rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, MFA Financial has a consensus rating of "Moderate Buy" and an average price target of $13.70.
Read Our Latest Report on MFA
MFA Financial Stock Down 1.5 %
Shares of NYSE:MFA traded down $0.16 on Thursday, reaching $10.14. 1,672,825 shares of the company's stock were exchanged, compared to its average volume of 851,921. MFA Financial, Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $13.45. The business's 50-day moving average is $10.59 and its two-hundred day moving average is $11.11. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.51 and a beta of 1.61.
MFA Financial (NYSE:MFA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $50.80 million during the quarter, compared to the consensus estimate of $58.06 million. MFA Financial had a return on equity of 9.61% and a net margin of 16.47%. Analysts predict that MFA Financial, Inc. will post 1.5 earnings per share for the current fiscal year.
MFA Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.36 per share. The ex-dividend date is Monday, March 31st. This is an increase from MFA Financial's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 14.21%. MFA Financial's payout ratio is currently 177.78%.
MFA Financial Company Profile
(
Free Report)
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.
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