Meeder Asset Management Inc. Sells 9,510 Shares of MFA Financial, Inc. (NYSE:MFA)

Meeder Asset Management Inc. lowered its position in MFA Financial, Inc. (NYSE:MFA) by 31.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,001 shares of the real estate investment trust’s stock after selling 9,510 shares during the period. Meeder Asset Management Inc.’s holdings in MFA Financial were worth $176,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in MFA Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 29,874,948 shares of the real estate investment trust’s stock worth $241,389,000 after buying an additional 1,498,013 shares during the last quarter. BlackRock Inc. boosted its stake in MFA Financial by 13,441.2% in the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock worth $189,346,000 after buying an additional 23,260,960 shares during the last quarter. Wellington Management Group LLP boosted its stake in MFA Financial by 1.5% in the first quarter. Wellington Management Group LLP now owns 12,719,160 shares of the real estate investment trust’s stock worth $102,772,000 after buying an additional 188,153 shares during the last quarter. Geode Capital Management LLC boosted its stake in MFA Financial by 3.3% in the first quarter. Geode Capital Management LLC now owns 5,932,340 shares of the real estate investment trust’s stock worth $47,933,000 after buying an additional 189,548 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in MFA Financial by 12.6% in the first quarter. Wells Fargo & Company MN now owns 5,046,957 shares of the real estate investment trust’s stock worth $40,778,000 after buying an additional 564,175 shares during the last quarter. Institutional investors own 76.86% of the company’s stock.

MFA Financial, Inc. (MFA) traded up 0.34% on Friday, hitting $8.85. 1,089,115 shares of the company were exchanged. MFA Financial, Inc. has a 52-week low of $7.03 and a 52-week high of $8.90. The stock has a market capitalization of $3.51 billion, a P/E ratio of 11.16 and a beta of 0.72. The stock’s 50-day moving average price is $8.62 and its 200-day moving average price is $8.28.

MFA Financial (NYSE:MFA) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The business had revenue of $61.14 million during the quarter, compared to the consensus estimate of $68.91 million. During the same period in the prior year, the company posted $0.20 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. On average, equities research analysts anticipate that MFA Financial, Inc. will post $0.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend was Tuesday, June 27th. MFA Financial’s dividend payout ratio is currently 102.56%.

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MFA has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Wells Fargo & Company upgraded shares of MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 15th. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 price objective on shares of MFA Financial in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.29.

MFA Financial Company Profile

MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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