LSV Asset Management lowered its holdings in MFA Financial, Inc. (NYSE:MFA) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,636,638 shares of the real estate investment trust’s stock after selling 1,411,862 shares during the quarter. LSV Asset Management owned 1.41% of MFA Financial worth $42,443,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Jefferies Group LLC acquired a new stake in shares of MFA Financial in the fourth quarter worth $106,000. Two Sigma Securities LLC purchased a new stake in MFA Financial during the fourth quarter worth $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 7,782 shares in the last quarter. Alps Advisors Inc. purchased a new stake in MFA Financial during the fourth quarter worth $199,000. Finally, Koch Industries Inc. purchased a new stake in MFA Financial during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.
Shares of MFA Financial opened at $7.65 on Monday, according to Marketbeat.com. MFA Financial, Inc. has a 1 year low of $6.72 and a 1 year high of $8.90. The firm has a market cap of $3.05 billion, a P/E ratio of 9.68 and a beta of 0.33.
MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $53.20 million for the quarter, compared to the consensus estimate of $69.35 million. MFA Financial had a net margin of 78.04% and a return on equity of 10.06%. During the same period in the prior year, the firm posted $0.20 earnings per share. analysts anticipate that MFA Financial, Inc. will post 0.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.46%. The ex-dividend date was Wednesday, March 28th. MFA Financial’s payout ratio is 101.27%.
A number of analysts recently issued reports on MFA shares. B. Riley set a $8.00 price target on shares of MFA Financial and gave the stock a “hold” rating in a report on Friday, February 16th. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Finally, ValuEngine downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. MFA Financial presently has a consensus rating of “Hold” and an average target price of $8.56.
In related news, CEO Craig L. Knutson acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $7.30 per share, with a total value of $58,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.68% of the company’s stock.
About MFA Financial
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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