Segall Bryant & Hamill LLC Acquires New Shares in MFA Financial, Inc. (NYSE:MFA)

Segall Bryant & Hamill LLC acquired a new stake in MFA Financial, Inc. (NYSE:MFA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 197,255 shares of the real estate investment trust's stock, valued at approximately $2,509,000. Segall Bryant & Hamill LLC owned approximately 0.19% of MFA Financial at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of MFA Financial by 82.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,203 shares during the period. Future Financial Wealth Managment LLC bought a new stake in MFA Financial during the third quarter valued at about $38,000. Castleview Partners LLC bought a new stake in shares of MFA Financial during the 3rd quarter valued at $79,000. Quent Capital LLC raised its position in shares of MFA Financial by 17.7% during the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust's stock valued at $114,000 after buying an additional 1,508 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in MFA Financial during the 1st quarter valued at approximately $140,000. Institutional investors and hedge funds own 65.28% of the company's stock.

MFA Financial Trading Up 2.1 %

MFA stock traded up $0.23 during trading on Friday, hitting $11.16. 535,995 shares of the company's stock were exchanged, compared to its average volume of 1,075,224. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.02 and a beta of 2.16. MFA Financial, Inc. has a 52-week low of $10.20 and a 52-week high of $13.45. The business has a 50-day moving average price of $12.16 and a two-hundred day moving average price of $11.55.

MFA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend was Friday, September 27th. MFA Financial's dividend payout ratio (DPR) is presently 88.05%.

Wall Street Analyst Weigh In

MFA has been the subject of a number of recent analyst reports. Raymond James boosted their price objective on MFA Financial from $13.00 to $14.50 and gave the company an "outperform" rating in a report on Thursday, September 19th. JMP Securities raised their target price on MFA Financial from $12.50 to $13.50 and gave the stock a "market outperform" rating in a research note on Friday, September 6th. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. StockNews.com lowered MFA Financial from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their target price on MFA Financial from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, MFA Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.60.

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.