Aperio Group LLC trimmed its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,306,207 shares of the real estate investment trust’s stock after selling 566,791 shares during the period. Aperio Group LLC’s holdings in MFA Financial were worth $17,366,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Thornburg Investment Management Inc. boosted its stake in shares of MFA Financial by 1.5% during the 1st quarter. Thornburg Investment Management Inc. now owns 34,246,878 shares of the real estate investment trust’s stock worth $257,879,000 after buying an additional 500,000 shares during the last quarter. Millennium Management LLC boosted its stake in shares of MFA Financial by 26.2% during the 4th quarter. Millennium Management LLC now owns 11,284,869 shares of the real estate investment trust’s stock worth $89,376,000 after buying an additional 2,344,148 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of MFA Financial by 13.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 8,720,102 shares of the real estate investment trust’s stock worth $65,662,000 after buying an additional 1,002,523 shares during the last quarter. Boston Partners boosted its stake in shares of MFA Financial by 8.2% during the 4th quarter. Boston Partners now owns 5,678,366 shares of the real estate investment trust’s stock worth $44,973,000 after buying an additional 432,181 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of MFA Financial by 14.4% during the 1st quarter. Wells Fargo & Company MN now owns 5,433,006 shares of the real estate investment trust’s stock worth $40,911,000 after buying an additional 685,514 shares during the last quarter. Institutional investors own 80.13% of the company’s stock.
MFA has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of MFA Financial from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective for the company in a research note on Saturday, May 12th. B. Riley set a $8.00 price objective on shares of MFA Financial and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, ValuEngine downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.56.
Shares of MFA stock opened at $7.70 on Friday. The stock has a market capitalization of $3.05 billion, a PE ratio of 9.75 and a beta of 0.33. MFA Financial, Inc. has a 52-week low of $6.72 and a 52-week high of $8.90.
MFA Financial (NYSE:MFA) last issued its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $53.20 million for the quarter, compared to analysts’ expectations 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 earned $0.20 EPS. analysts predict that MFA Financial, Inc. will post 0.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, March 29th were issued a $0.20 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.39%. MFA Financial’s payout ratio is 101.27%.
In other news, CEO Craig L. Knutson bought 8,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average cost of $7.30 per share, with a total value of $58,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by corporate insiders.
MFA Financial Profile
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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