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.
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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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