MFA Financial, Inc. (NYSE:MFA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,895,670 shares of the real estate investment trust's stock after purchasing an additional 60,261 shares during the period. Charles Schwab Investment Management Inc. owned 1.86% of MFA Financial worth $19,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Zacks Investment Management increased its position in MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,281 shares during the period. Brown Brothers Harriman & Co. purchased a new position in MFA Financial during the 3rd quarter valued at about $25,000. Rhumbline Advisers increased its position in MFA Financial by 1.4% during the 4th quarter. Rhumbline Advisers now owns 166,046 shares of the real estate investment trust's stock valued at $1,692,000 after purchasing an additional 2,287 shares during the period. Parkside Financial Bank & Trust purchased a new position in MFA Financial during the 4th quarter valued at about $46,000. Finally, Inspire Investing LLC increased its position in MFA Financial by 22.3% during the 4th quarter. Inspire Investing LLC now owns 39,594 shares of the real estate investment trust's stock valued at $403,000 after purchasing an additional 7,220 shares during the period. Hedge funds and other institutional investors own 65.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of MFA Financial from $13.50 to $12.50 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. StockNews.com upgraded shares of MFA Financial from a "hold" rating to a "buy" rating in a report on Thursday. Janney Montgomery Scott started coverage on shares of MFA Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $14.00 price target on the stock. Finally, JMP Securities lowered their price target on shares of MFA Financial from $13.50 to $12.50 and set a "market outperform" rating on the stock in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MFA Financial presently has a consensus rating of "Buy" and an average price target of $13.70.

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MFA Financial Trading Down 1.3 %

Shares of NYSE:MFA traded down $0.15 during trading on Friday, reaching $10.86. The stock had a trading volume of 2,205,624 shares, compared to its average volume of 811,201. The firm's 50-day simple moving average is $10.49 and its 200 day simple moving average is $11.21. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.40 and a beta of 2.18. MFA Financial, Inc. has a one year low of $9.36 and a one year high of $13.45.

MFA Financial (NYSE:MFA - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The company had revenue of $50.80 million during the quarter, compared to analyst estimates of $58.06 million. MFA Financial had a return on equity of 9.61% and a net margin of 16.47%. Equities research analysts forecast that MFA Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

MFA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.36 dividend. The ex-dividend date is Monday, March 31st. This is a boost from MFA Financial's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 13.27%. MFA Financial's dividend payout ratio (DPR) is 177.78%.

MFA Financial Company Profile

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.