Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 81.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,200 shares of the real estate investment trust’s stock after selling 534,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in MFA Financial were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in MFA. Public Employees Retirement Association of Colorado grew its stake in MFA Financial by 5.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 678 shares during the last quarter. Benchmark Capital Advisors grew its stake in MFA Financial by 0.4% during the 2nd quarter. Benchmark Capital Advisors now owns 248,722 shares of the real estate investment trust’s stock valued at $2,087,000 after purchasing an additional 900 shares during the last quarter. World Asset Management Inc grew its stake in MFA Financial by 7.9% during the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,049 shares during the last quarter. Pacad Investment Ltd. grew its stake in MFA Financial by 1.4% during the 2nd quarter. Pacad Investment Ltd. now owns 78,300 shares of the real estate investment trust’s stock valued at $657,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MFA Financial by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,563 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.
Several analysts have weighed in on the company. B. Riley reiterated a “neutral” rating on shares of MFA Financial in a research note on Friday, November 3rd. BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. JMP Securities cut MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.08.
In other MFA Financial news, insider Ronald A. Freydberg purchased 20,000 shares of MFA Financial stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $7.78 per share, with a total value of $155,600.00. Following the acquisition, the insider now owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.92% of the company’s stock.
Shares of MFA Financial, Inc. (NYSE:MFA) traded up $0.03 during mid-day trading on Friday, hitting $8.04. The stock had a trading volume of 1,052,000 shares, compared to its average volume of 2,159,430. The firm has a market cap of $3,190.00, a PE ratio of 10.97 and a beta of 0.66. MFA Financial, Inc. has a fifty-two week low of $7.53 and a fifty-two week high of $8.90.
MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million during the quarter, compared to analyst estimates of $71.13 million. MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. research analysts forecast that MFA Financial, Inc. will post 0.77 earnings per share for the current fiscal year.
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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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