UBS Asset Management Americas Inc. grew its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 402,089 shares of the real estate investment trust’s stock after buying an additional 12,886 shares during the quarter. UBS Asset Management Americas Inc. owned 0.10% of MFA Financial worth $3,185,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MFA Financial by 48.9% during the fourth 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 in the last quarter. Alps Advisors Inc. bought a new position in shares of MFA Financial in the fourth quarter worth approximately $199,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of MFA Financial in the third quarter worth approximately $220,000. State of Alaska Department of Revenue bought a new position in shares of MFA Financial in the fourth quarter worth approximately $221,000. Finally, Barings LLC bought a new position in shares of MFA Financial in the third quarter worth approximately $262,000. 81.67% of the stock is currently owned by hedge funds and other institutional investors.
In other MFA Financial news, CEO Craig L. Knutson bought 8,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average price of $7.30 per share, with a total value of $58,400.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
Several research analysts have recently weighed in on the stock. B. Riley set a $8.00 price objective on shares of MFA Financial and gave the company a “hold” rating in a report on Friday, February 16th. Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.81.
MFA stock traded up $0.02 during trading on Friday, hitting $7.49. 3,732,637 shares of the company’s stock traded hands, compared to its average volume of 3,047,034. MFA Financial, Inc. has a 52 week low of $6.72 and a 52 week high of $8.90. The firm has a market capitalization of $2,996.15, a P/E ratio of 9.48 and a beta of 0.33.
MFA Financial (NYSE:MFA) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $52.41 million for the quarter, compared to the consensus estimate of $76.10 million. MFA Financial had a net margin of 69.87% and a return on equity of 10.04%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. research analysts anticipate that MFA Financial, Inc. will post 0.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend is Wednesday, March 28th. MFA Financial’s dividend payout ratio (DPR) is 101.27%.
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About MFA Financial
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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