243,728 Shares in MFA Financial, Inc. (NYSE:MFA) Purchased by GraniteShares Advisors LLC

GraniteShares Advisors LLC bought a new stake in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 243,728 shares of the real estate investment trust's stock, valued at approximately $2,484,000. MFA Financial makes up about 1.6% of GraniteShares Advisors LLC's portfolio, making the stock its 11th biggest position. GraniteShares Advisors LLC owned approximately 0.24% of MFA Financial at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MFA. Victory Capital Management Inc. boosted its position in MFA Financial by 14.6% during the 3rd quarter. Victory Capital Management Inc. now owns 112,520 shares of the real estate investment trust's stock valued at $1,431,000 after acquiring an additional 14,333 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of MFA Financial by 38.7% in the 3rd quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust's stock worth $11,425,000 after purchasing an additional 250,535 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of MFA Financial by 35.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust's stock worth $58,297,000 after purchasing an additional 1,197,220 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of MFA Financial in the 3rd quarter worth $189,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of MFA Financial in the 3rd quarter worth $2,509,000. Institutional investors own 65.28% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MFA. Keefe, Bruyette & Woods lowered their price objective on MFA Financial from $13.50 to $12.50 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Janney Montgomery Scott began coverage on MFA Financial in a research report on Thursday, January 2nd. They issued a "buy" rating and a $14.00 price objective for the company. StockNews.com cut MFA Financial from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JMP Securities lowered their price objective on MFA Financial from $13.50 to $12.50 and set a "market outperform" rating for the company in a research report on Thursday, January 23rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $15.00 price target on shares of MFA Financial in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.70.

MFA Financial Price Performance

MFA traded up $0.07 on Friday, reaching $10.65. 2,057,952 shares of the stock were exchanged, compared to its average volume of 792,920. The company's 50-day moving average price is $10.33 and its 200 day moving average price is $11.35. MFA Financial, Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $13.45. The firm has a market capitalization of $1.09 billion, a PE ratio of 13.14 and a beta of 2.11.

MFA Financial (NYSE:MFA - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $58.06 million. MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. As a group, equities analysts forecast that MFA Financial, Inc. will post 1.5 earnings per share for the current fiscal year.

MFA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 13.15%. MFA Financial's dividend payout ratio (DPR) is presently 172.84%.

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.