Cpwm LLC Buys Shares of 73,768 MFA FINL INC/SH (MFA)

Cpwm LLC bought a new stake in shares of MFA FINL INC/SH (NYSE:MFA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 73,768 shares of the real estate investment trust’s stock, valued at approximately $542,000.

Several other institutional investors have also added to or reduced their stakes in MFA. BNP Paribas Arbitrage SA raised its position in shares of MFA FINL INC/SH by 129.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 88,201 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 49,829 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of MFA FINL INC/SH during the 2nd quarter valued at approximately $199,000. Raymond James Financial Services Advisors Inc. raised its position in shares of MFA FINL INC/SH by 85.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 64,081 shares of the real estate investment trust’s stock valued at $486,000 after acquiring an additional 29,600 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of MFA FINL INC/SH by 8.8% during 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 acquiring an additional 7,192 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of MFA FINL INC/SH by 46.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 467,240 shares of the real estate investment trust’s stock valued at $3,542,000 after acquiring an additional 148,170 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

In related news, Director Robin Josephs bought 14,000 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $7.10 per share, with a total value of $99,400.00. Following the completion of the transaction, the director now directly owns 107,991 shares of the company’s stock, valued at $766,736.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is owned by company insiders.

MFA stock opened at $7.08 on Thursday. The company has a market cap of $3.26 billion, a P/E ratio of 8.96 and a beta of 0.41. MFA FINL INC/SH has a 12-month low of $6.72 and a 12-month high of $8.29.

MFA FINL INC/SH (NYSE:MFA) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $58.55 million for the quarter, compared to analyst estimates of $56.00 million. MFA FINL INC/SH had a return on equity of 10.31% and a net margin of 80.58%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. Research analysts predict that MFA FINL INC/SH will post 0.73 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. ValuEngine raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Zacks Investment Research raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Finally, Raymond James assumed coverage on MFA FINL INC/SH in a research report on Thursday, October 11th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.25.

ILLEGAL ACTIVITY NOTICE: “Cpwm LLC Buys Shares of 73,768 MFA FINL INC/SH (MFA)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/12/06/cpwm-llc-buys-shares-of-73768-mfa-finl-inc-sh-mfa.html.

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.

Recommended Story: What is a capital gain?

Institutional Ownership by Quarter for MFA FINL INC/SH (NYSE:MFA)

Receive News & Ratings for MFA FINL INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA FINL INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply