1 week Ago By ABMN Staff
National Bank of Canada FI purchased a new stake in MFA Financial, Inc. ( NYSE:MFA – Free Report ) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,661 shares of the real estate investment trust’s stock, valued at approximately $27,000.
A number of other hedge funds have also added to or reduced their stakes in MFA. Parkside Financial Bank & Trust bought a new stake in shares of MFA Financial during the 4th quarter valued at about $46,000. Strategic Financial Concepts LLC bought a new stake in MFA Financial during the 4th quarter valued at approximately $104,000.
Wolverine Asset Management LLC purchased a new position in shares of MFA Financial during the 4th quarter worth approximately $110,000. New Age Alpha Advisors LLC bought a new position in shares of MFA Financial in the 4th quarter worth approximately $121,000. Finally, Motiv8 Investments LLC purchased a new position in shares of MFA Financial in the 4th quarter valued at approximately $124,000.
65.28% of the stock is owned by hedge funds and other institutional investors. MFA Financial Stock Performance Shares of MFA Financial stock opened at $8.
16 on Friday. The company has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $10.
87. MFA Financial, Inc. has a 52-week low of $7.
85 and a 52-week high of $13.45. The stock has a market capitalization of $836.
08 million, a PE ratio of 10.07 and a beta of 1.61.
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 given a dividend of $0.36 per share.
The ex-dividend date is Monday, March 31st. This is a boost from MFA Financial’s previous quarterly dividend of $0.35.
This represents a $1.44 annualized dividend and a dividend yield of 17.66%.
MFA Financial’s dividend payout ratio (DPR) is 177.78%. Wall Street Analysts Forecast Growth A number of equities analysts have issued reports on the company.
JMP Securities decreased their price objective on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a report on Thursday, January 23rd.
Janney Montgomery Scott began coverage on shares of MFA Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $14.00 price target for the company.
Keefe, Bruyette & Woods cut their price objective on shares of MFA Financial from $13.50 to $12.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th.
Finally, StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat.com, MFA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.70.
Get Our Latest Analysis on MFA Financial MFA Financial 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. See Also Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MFA Financial, Inc. ( NYSE:MFA – Free Report ). Receive News & Ratings for MFA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial and related companies with MarketBeat.
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