MFA Finl Inc/SH (NYSE:MFA) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01, MarketWatch Earnings reports. MFA Finl Inc/SH had a net margin of 77.32% and a return on equity of 9.82%. The firm had revenue of $58.55 million for the quarter, compared to the consensus estimate of $56.00 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis.
MFA stock traded down $0.01 during mid-day trading on Wednesday, hitting $7.05. 1,171,735 shares of the company were exchanged, compared to its average volume of 3,009,294. The firm has a market cap of $2.74 billion, a P/E ratio of 8.92 and a beta of 0.38. MFA Finl Inc/SH has a twelve month low of $6.72 and a twelve month high of $8.29.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.35%. The ex-dividend date was Friday, September 28th. MFA Finl Inc/SH’s dividend payout ratio is currently 101.27%.
MFA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of MFA Finl Inc/SH from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Compass Point set a $8.00 price objective on shares of MFA Finl Inc/SH and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, Raymond James initiated coverage on shares of MFA Finl Inc/SH in a report on Thursday, October 11th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. MFA Finl Inc/SH has an average rating of “Hold” and a consensus target price of $8.44.
A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in shares of MFA Finl Inc/SH by 8.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 88,529 shares of the real estate investment trust’s stock valued at $671,000 after buying an additional 7,192 shares during the period. Creative Planning boosted its holdings in shares of MFA Finl Inc/SH by 21.8% in the 2nd quarter. Creative Planning now owns 43,032 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 7,705 shares during the period. Moody Aldrich Partners LLC acquired a new position in shares of MFA Finl Inc/SH in the 2nd quarter valued at about $65,415,000. Xact Kapitalforvaltning AB boosted its holdings in shares of MFA Finl Inc/SH by 22.0% in the 1st quarter. Xact Kapitalforvaltning AB now owns 53,891 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 9,700 shares during the period. Finally, Congress Asset Management Co. MA boosted its holdings in shares of MFA Finl Inc/SH by 10.5% in the 3rd quarter. Congress Asset Management Co. MA now owns 107,707 shares of the real estate investment trust’s stock valued at $792,000 after buying an additional 10,276 shares during the period. 78.42% of the stock is owned by institutional investors.
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MFA Finl Inc/SH Company 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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