Cannell Peter B & Co. Inc. cut its stake in shares of MFA Finl Inc/SH (NYSE:MFA) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,100 shares of the real estate investment trust’s stock after selling 10,500 shares during the period. Cannell Peter B & Co. Inc.’s holdings in MFA Finl Inc/SH were worth $192,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Fiduciary Financial Services of The Southwest Inc. TX bought a new position in MFA Finl Inc/SH during the 2nd quarter valued at $103,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in MFA Finl Inc/SH during the 2nd quarter valued at $104,000. Qube Research & Technologies Ltd bought a new position in MFA Finl Inc/SH during the 2nd quarter valued at $114,000. Moody Aldrich Partners LLC lifted its stake in MFA Finl Inc/SH by 135.4% during the 3rd quarter. Moody Aldrich Partners LLC now owns 20,311 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 11,681 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in MFA Finl Inc/SH during the 3rd quarter valued at $155,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
In other MFA Finl Inc/SH news, Director Robin Josephs bought 14,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was purchased at an average cost of $7.10 per share, with a total value of $99,400.00. Following the transaction, the director now directly owns 107,991 shares in the company, valued at approximately $766,736.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.
Several equities analysts have weighed in on MFA shares. Zacks Investment Research upgraded MFA Finl Inc/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Raymond James started coverage on MFA Finl Inc/SH in a research note on Thursday, October 11th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. cut MFA Finl Inc/SH from an “overweight” rating to a “neutral” rating in a research note on Monday, July 23rd. Finally, ValuEngine cut MFA Finl Inc/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.25.
Shares of MFA Finl Inc/SH stock opened at $7.14 on Friday. MFA Finl Inc/SH has a 1 year low of $6.72 and a 1 year high of $8.29. The firm has a market cap of $2.83 billion, a PE ratio of 8.89 and a beta of 0.38.
MFA Finl Inc/SH (NYSE:MFA) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. MFA Finl Inc/SH had a return on equity of 10.31% and a net margin of 80.58%. The firm had revenue of $58.55 million during the quarter, compared to analyst estimates of $56.00 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that MFA Finl Inc/SH will post 0.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Monday, October 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.20%. The ex-dividend date was Friday, September 28th. MFA Finl Inc/SH’s dividend payout ratio is presently 101.27%.
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MFA Finl Inc/SH 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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