Global X Management Co. LLC increased its position in MFA Financial, Inc. (NYSE:MFA) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,524,995 shares of the real estate investment trust’s stock after acquiring an additional 82,009 shares during the period. Global X Management Co. LLC owned approximately 0.64% of MFA Financial worth $19,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of MFA. GSA Capital Partners LLP purchased a new position in MFA Financial in the 2nd quarter worth $136,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MFA Financial by 48.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,681 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 7,782 shares during the last quarter. Alps Advisors Inc. purchased a new position in MFA Financial in the 4th quarter worth $199,000. Raymond James Financial Services Advisors Inc. purchased a new position in MFA Financial in the 3rd quarter worth $220,000. Finally, State of Alaska Department of Revenue purchased a new position in MFA Financial in the 4th quarter worth $221,000. Institutional investors own 80.38% of the company’s stock.
Several brokerages have weighed in on MFA. B. Riley reaffirmed a “neutral” rating on shares of MFA Financial in a research report on Friday, November 3rd. Zacks Investment Research downgraded MFA Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Royal Bank of Canada reaffirmed a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research report on Tuesday, November 7th. Finally, JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.08.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, December 28th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.24%. The ex-dividend date of this dividend was Wednesday, December 27th. MFA Financial’s dividend payout ratio is currently 109.59%.
MFA Financial Profile
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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