Thrivent Financial for Lutherans lowered its position in MFA Financial, Inc. (NYSE:MFA - Free Report) by 53.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,095 shares of the real estate investment trust's stock after selling 100,996 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of MFA Financial worth $888,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in MFA. Independent Advisor Alliance increased its stake in shares of MFA Financial by 0.7% during the fourth quarter. Independent Advisor Alliance now owns 174,183 shares of the real estate investment trust's stock valued at $1,775,000 after acquiring an additional 1,224 shares during the period. Zacks Investment Management boosted its stake in MFA Financial by 12.7% during the 3rd quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,281 shares in the last quarter. Rhumbline Advisers increased its position in shares of MFA Financial by 1.4% during the 4th quarter. Rhumbline Advisers now owns 166,046 shares of the real estate investment trust's stock valued at $1,692,000 after purchasing an additional 2,287 shares during the period. Parkside Financial Bank & Trust bought a new stake in shares of MFA Financial in the 4th quarter worth $46,000. Finally, Inspire Investing LLC raised its position in MFA Financial by 22.3% in the fourth quarter. Inspire Investing LLC now owns 39,594 shares of the real estate investment trust's stock worth $403,000 after acquiring an additional 7,220 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors and hedge funds.
MFA Financial Stock Performance
Shares of MFA Financial stock traded down $0.16 during trading on Thursday, hitting $10.14. 1,672,825 shares of the stock traded hands, compared to its average volume of 851,921. The stock has a market cap of $1.04 billion, a P/E ratio of 12.51 and a beta of 1.61. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $11.11. MFA Financial, Inc. has a twelve month low of $9.36 and a twelve month high of $13.45.
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 for the quarter, missing the consensus estimate of $0.40 by ($0.02). The business had revenue of $50.80 million for the quarter, compared to the consensus estimate of $58.06 million. MFA Financial had a net margin of 16.47% and a return on equity of 9.61%. On average, equities research analysts expect that MFA Financial, Inc. will post 1.5 EPS for the current fiscal year.
MFA Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 14.21%. The ex-dividend date is Monday, March 31st. This is a positive change from MFA Financial's previous quarterly dividend of $0.35. MFA Financial's payout ratio is presently 177.78%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. JMP Securities reduced their price objective on MFA Financial from $13.50 to $12.50 and set a "market outperform" rating for the company in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target 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. StockNews.com downgraded MFA Financial from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Finally, Janney Montgomery Scott began coverage on shares of MFA Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $14.00 target price for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.70.
View Our Latest Stock Report on MFA
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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