Skandinaviska Enskilda Banken AB publ lowered its holdings in MFA Financial, Inc. (NYSE:MFA) by 81.0% during the 3rd quarter, according to 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 period. Skandinaviska Enskilda Banken AB publ’s holdings in MFA Financial were worth $1,097,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Public Employees Retirement Association of Colorado boosted its stake in shares of MFA Financial by 5.8% in 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 in the last quarter. Franklin Resources Inc. bought a new stake in MFA Financial during the 2nd quarter worth approximately $116,000. World Asset Management Inc boosted its holdings in shares of MFA Financial by 7.9% in 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 buying an additional 1,049 shares during the last quarter. Ffcm LLC boosted its holdings in shares of MFA Financial by 144.2% in the 2nd quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 8,936 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MFA Financial by 10.9% in 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 buying an additional 1,563 shares during the last quarter. Institutional investors own 80.71% of the company’s stock.
MFA Financial, Inc. (MFA) traded up $0.11 during midday trading on Friday, reaching $8.21. The company’s stock had a trading volume of 4,177,195 shares, compared to its average volume of 2,490,000. MFA Financial, Inc. has a 1-year low of $7.56 and a 1-year high of $8.90. The stock has a market cap of $3,260.00, a PE ratio of 11.25 and a beta of 0.66.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million for the quarter, compared to the consensus estimate of $71.13 million. MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. equities analysts expect that MFA Financial, Inc. will post 0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.74%. MFA Financial’s payout ratio is 109.59%.
MFA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, October 4th. BidaskClub lowered MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.08.
In other MFA Financial news, insider Ronald A. Freydberg acquired 20,000 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $7.78 per share, for a total transaction of $155,600.00. Following the completion of the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by insiders.
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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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