State Street Corp boosted its holdings in shares of MFA Financial, Inc. (NYSE:MFA - Free Report) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,579,818 shares of the real estate investment trust's stock after buying an additional 151,321 shares during the quarter. State Street Corp owned 2.53% of MFA Financial worth $33,700,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in MFA Financial by 35.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust's stock valued at $58,297,000 after acquiring an additional 1,197,220 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MFA Financial by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,835,409 shares of the real estate investment trust's stock valued at $23,346,000 after purchasing an additional 12,071 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of MFA Financial by 38.7% during the 3rd quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust's stock valued at $11,425,000 after purchasing an additional 250,535 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of MFA Financial by 17.7% in the 2nd quarter. Van ECK Associates Corp now owns 822,696 shares of the real estate investment trust's stock valued at $8,753,000 after purchasing an additional 123,790 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in MFA Financial by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 496,843 shares of the real estate investment trust's stock worth $5,286,000 after buying an additional 40,782 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on MFA shares. Raymond James lifted their price objective on shares of MFA Financial from $13.00 to $14.50 and gave the company an "outperform" rating in a report on Thursday, September 19th. Wedbush restated an "outperform" rating and issued a $15.00 price target on shares of MFA Financial in a research note on Thursday, November 7th. StockNews.com downgraded MFA Financial from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, JMP Securities boosted their price objective on MFA Financial from $12.50 to $13.50 and gave the company a "market outperform" rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $14.00.
View Our Latest Stock Report on MFA Financial
MFA Financial Price Performance
MFA stock traded up $0.16 during trading on Friday, hitting $10.39. The stock had a trading volume of 2,702,952 shares, compared to its average volume of 770,869. MFA Financial, Inc. has a twelve month low of $10.09 and a twelve month high of $13.45. The company's 50-day moving average price is $11.47 and its two-hundred day moving average price is $11.58. The stock has a market capitalization of $1.06 billion, a P/E ratio of 6.53 and a beta of 2.11.
MFA Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 13.47%. The ex-dividend date is Tuesday, December 31st. MFA Financial's payout ratio is 88.05%.
MFA Financial Company Profile
(
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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