2 days Ago By Defense World Staff
Commonwealth Equity Services LLC reduced its position in MFA Financial, Inc. (NYSE:MFA – Free Report) by 38.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 10,393 shares of the real estate investment trust’s stock after selling 6,470 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MFA Financial were worth $106,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also made changes to their positions in the business.
Parkside Financial Bank & Trust purchased a new stake in MFA Financial during the fourth quarter worth about $46,000. Strategic Financial Concepts LLC acquired a new position in MFA Financial in the fourth quarter valued at $104,000. Wolverine Asset Management LLC acquired a new stake in MFA Financial during the 4th quarter worth approximately $110,000.
Motiv8 Investments LLC purchased a new position in shares of MFA Financial in the 4th quarter valued at $124,000. Finally, Choreo LLC acquired a new position in shares of MFA Financial during the fourth quarter worth about $135,000. 65.
28% of the stock is owned by hedge funds and other institutional investors. MFA Financial Trading Down 0.3 %Shares of MFA opened at $8.
16 on Friday. The stock has a market capitalization of $836.08 million, a P/E ratio of 10.
07 and a beta of 1.61. MFA Financial, Inc.
has a 1-year low of $7.85 and a 1-year high of $13.45.
The business’s 50-day moving average price is $10.34 and its 200 day moving average price is $10.87.
MFA Financial (NYSE:MFA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
40 by ($0.02). MFA Financial had a return on equity of 9.
61% and a net margin of 16.47%. The company had revenue of $50.
80 million during the quarter, compared to analysts’ expectations of $58.06 million. On average, research analysts predict that MFA Financial, Inc.
will post 1.5 earnings per share for the current year. MFA Financial Increases DividendThe firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Stockholders of record on Monday, March 31st will be paid a dividend of $0.36 per share. 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. This represents a $1.
44 annualized dividend and a dividend yield of 17.66%. MFA Financial’s dividend payout ratio is 177.
78%. Analysts Set New Price TargetsSeveral research firms recently issued reports on MFA. Janney Montgomery Scott began 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. StockNews.
com cut MFA Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. JMP Securities cut their price target on MFA Financial from $13.50 to $12.
50 and set a “market outperform” rating on the stock in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of MFA Financial from $13.50 to $12.
50 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.
70.Check Out Our Latest Stock Report on MFA FinancialAbout 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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