Congress Asset Management Co. MA boosted its holdings in shares of MFA Finl Inc/SH (NYSE:MFA) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,707 shares of the real estate investment trust’s stock after buying an additional 10,276 shares during the quarter. Congress Asset Management Co. MA’s holdings in MFA Finl Inc/SH were worth $792,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Moody Aldrich Partners LLC purchased a new position in MFA Finl Inc/SH during the second quarter valued at approximately $65,415,000. Cornerstone Wealth Management LLC purchased a new position in MFA Finl Inc/SH during the second quarter valued at approximately $1,540,000. Fiduciary Financial Services of The Southwest Inc. TX purchased a new position in MFA Finl Inc/SH during the second quarter valued at approximately $103,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in MFA Finl Inc/SH during the second quarter valued at approximately $104,000. Finally, Qube Research & Technologies Ltd purchased a new position in MFA Finl Inc/SH during the second quarter valued at approximately $114,000. 78.28% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on MFA shares. Zacks Investment Research raised shares of MFA Finl Inc/SH from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Compass Point set a $8.00 price objective on shares of MFA Finl Inc/SH and gave the company a “hold” rating in a report on Thursday, August 2nd. Finally, Raymond James began coverage on shares of MFA Finl Inc/SH in a report on Thursday, October 11th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. MFA Finl Inc/SH has a consensus rating of “Hold” and a consensus price target of $8.44.
MFA Finl Inc/SH (NYSE:MFA) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $49.94 million during the quarter, compared to analyst estimates of $58.57 million. MFA Finl Inc/SH had a net margin of 77.32% and a return on equity of 9.82%. MFA Finl Inc/SH’s revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Equities research analysts anticipate that MFA Finl Inc/SH will post 0.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.80 annualized dividend and a yield of 11.54%. MFA Finl Inc/SH’s dividend payout ratio (DPR) is 101.27%.
About MFA Finl Inc/SH
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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