Invesco Ltd. Grows Stock Position in MFA Financial, Inc. (NYSE:MFA)

Invesco Ltd. boosted its stake in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,223,112 shares of the real estate investment trust's stock after purchasing an additional 177,067 shares during the quarter. Invesco Ltd. owned approximately 1.20% of MFA Financial worth $12,464,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MFA. National Bank of Canada FI acquired a new stake in MFA Financial in the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust purchased a new stake in shares of MFA Financial during the 4th quarter worth $46,000. Strategic Financial Concepts LLC acquired a new position in shares of MFA Financial during the fourth quarter worth $104,000. Wolverine Asset Management LLC purchased a new position in MFA Financial in the fourth quarter valued at $110,000. Finally, New Age Alpha Advisors LLC acquired a new stake in MFA Financial in the fourth quarter valued at $121,000. Institutional investors and hedge funds own 65.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MFA shares. JMP Securities decreased their target price on MFA Financial from $12.50 to $12.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. StockNews.com cut shares of MFA Financial from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Janney Montgomery Scott started coverage on shares of MFA Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $14.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on MFA Financial from $13.50 to $12.50 and set an "outperform" rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.60.

MFA Financial Stock Performance

NYSE MFA opened at $8.89 on Tuesday. MFA Financial, Inc. has a one year low of $7.85 and a one year high of $13.45. The firm has a market cap of $911.44 million, a PE ratio of 10.98 and a beta of 1.61. The firm's fifty day moving average is $10.12 and its two-hundred day moving average is $10.70.

MFA Financial (NYSE:MFA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The company had revenue of $50.80 million for 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%. Research analysts predict that MFA Financial, Inc. will post 1.5 earnings per share for the current year.

MFA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 16.20%. This is a positive change from MFA Financial's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 31st. MFA Financial's dividend payout ratio (DPR) is 177.78%.

MFA Financial 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.

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