Public Employees Retirement Association of Colorado boosted its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 247.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,055 shares of the real estate investment trust’s stock after purchasing an additional 30,646 shares during the period. Public Employees Retirement Association of Colorado’s holdings in MFA Financial were worth $341,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in shares of MFA Financial in the 2nd quarter valued at $136,000. State Street Corp raised its stake in shares of MFA Financial by 0.5% in the 2nd quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock valued at $48,305,000 after acquiring an additional 26,708 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of MFA Financial by 55.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,546 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 14,746 shares during the period. Sterling Capital Management LLC raised its stake in shares of MFA Financial by 8.9% in the 2nd quarter. Sterling Capital Management LLC now owns 103,696 shares of the real estate investment trust’s stock valued at $870,000 after acquiring an additional 8,437 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of MFA Financial by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 190,112 shares of the real estate investment trust’s stock valued at $1,595,000 after acquiring an additional 9,580 shares during the period. 79.42% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on MFA shares. Zacks Investment Research downgraded shares of MFA Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. Royal Bank of Canada reissued a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a research note on Tuesday, November 7th. BidaskClub downgraded shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, B. Riley set a $8.00 target price on shares of MFA Financial and gave the company a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. MFA Financial has a consensus rating of “Hold” and a consensus target price of $8.81.
MFA Financial (NYSE:MFA) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $52.41 million during the quarter, compared to analyst estimates of $76.10 million. MFA Financial had a net margin of 61.24% and a return on equity of 10.04%. During the same period last year, the business earned $0.18 EPS. research analysts predict that MFA Financial, Inc. will post 0.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, December 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.78%. The ex-dividend date was Wednesday, December 27th. MFA Financial’s payout ratio is 101.27%.
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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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