Wellington Management Group LLP Purchases 111,331 Shares of MFA Financial, Inc. (NYSE:MFA)

Wellington Management Group LLP raised its position in MFA Financial, Inc. (NYSE:MFA - Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,005,138 shares of the real estate investment trust's stock after acquiring an additional 111,331 shares during the period. Wellington Management Group LLP owned about 10.78% of MFA Financial worth $139,985,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of MFA Financial in the third quarter worth $25,000. Future Financial Wealth Managment LLC bought a new stake in MFA Financial during the 3rd quarter worth about $38,000. Castleview Partners LLC acquired a new position in shares of MFA Financial during the 3rd quarter worth about $79,000. Quest Partners LLC bought a new position in shares of MFA Financial in the 3rd quarter valued at about $189,000. Finally, Intech Investment Management LLC acquired a new stake in shares of MFA Financial in the third quarter valued at about $329,000. Institutional investors and hedge funds own 65.28% of the company's stock.

MFA Financial Stock Down 1.1 %

Shares of NYSE MFA traded down $0.12 during midday trading on Tuesday, hitting $10.90. 1,028,552 shares of the company's stock were exchanged, compared to its average volume of 754,159. The firm has a market capitalization of $1.11 billion, a PE ratio of 6.93 and a beta of 2.12. MFA Financial, Inc. has a 12 month low of $10.20 and a 12 month high of $13.45. The company's 50 day moving average price is $11.75 and its 200 day moving average price is $11.58.

MFA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.40 annualized dividend and a dividend yield of 12.84%. MFA Financial's dividend payout ratio is currently 88.05%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wedbush reissued an "outperform" rating and set a $15.00 price target on shares of MFA Financial in a research report on Thursday, November 7th. Raymond James increased 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 boosted their target price on shares of MFA Financial from $12.50 to $13.50 and gave the stock a "market outperform" rating in a report on Friday, September 6th. Finally, StockNews.com lowered shares of MFA Financial from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

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.