EMG Holdings L.P. lowered its holdings in MFA Financial, Inc. (NYSE:MFA - Free Report) by 52.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,100 shares of the real estate investment trust's stock after selling 239,345 shares during the period. MFA Financial comprises about 1.3% of EMG Holdings L.P.'s investment portfolio, making the stock its 16th biggest holding. EMG Holdings L.P. owned about 0.21% of MFA Financial worth $2,222,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MFA. National Bank of Canada FI bought a new stake in shares of MFA Financial in the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust acquired a new stake in MFA Financial in the fourth quarter worth $46,000. Strategic Financial Concepts LLC bought a new stake in MFA Financial in the fourth quarter valued at $104,000. Wolverine Asset Management LLC bought a new stake in MFA Financial in the fourth quarter valued at $110,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of MFA Financial during the fourth quarter valued at $121,000. 65.28% of the stock is currently owned by institutional investors and hedge funds.
MFA Financial Price Performance
Shares of MFA Financial stock traded down $0.16 on Thursday, hitting $10.14. The company had a trading volume of 1,672,825 shares, compared to its average volume of 851,921. MFA Financial, Inc. has a 52 week low of $9.36 and a 52 week high of $13.45. The company has a market cap of $1.04 billion, a PE ratio of 12.51 and a beta of 1.61. The business has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $11.10.
MFA Financial (NYSE:MFA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. The firm had revenue of $50.80 million for the quarter, compared to the consensus estimate of $58.06 million. On average, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from MFA Financial's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 14.21%. MFA Financial's payout ratio is 177.78%.
Analyst Ratings Changes
A number of research firms recently weighed in on MFA. StockNews.com cut shares of MFA Financial from a "buy" rating to a "hold" rating in a report on Friday, March 28th. JMP Securities cut their price target on MFA Financial from $13.50 to $12.50 and set a "market outperform" rating on the stock in a report on Thursday, January 23rd. Janney Montgomery Scott began coverage on MFA Financial in a research report on Thursday, January 2nd. They set a "buy" rating and a $14.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their target price on MFA Financial from $13.50 to $12.50 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.70.
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About MFA Financial
(
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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