California Public Employees Retirement System decreased its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980,200 shares of the real estate investment trust’s stock after selling 57,300 shares during the period. California Public Employees Retirement System owned about 0.25% of MFA Financial worth $8,224,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MFA. Public Employees Retirement Association of Colorado increased its stake in MFA Financial by 5.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 678 shares during the last quarter. Koch Industries Inc. bought a new stake in MFA Financial during the first quarter valued at $109,000. Franklin Resources Inc. bought a new stake in MFA Financial during the second quarter valued at $116,000. World Asset Management Inc increased its stake in MFA Financial by 7.9% during the second quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Ffcm LLC increased its stake in MFA Financial by 144.2% during the second quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 8,936 shares during the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.
MFA Financial, Inc. (MFA) opened at 8.70 on Wednesday. The firm has a market cap of $3.45 billion, a P/E ratio of 10.97 and a beta of 0.71. MFA Financial, Inc. has a one year low of $7.17 and a one year high of $8.90. The stock’s 50 day moving average is $8.75 and its 200 day moving average is $8.48.
MFA Financial (NYSE:MFA) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $61.14 million during the quarter, compared to analyst estimates of $68.91 million. During the same period in the prior year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities research analysts expect that MFA Financial, Inc. will post $0.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.80 annualized dividend and a yield of 9.20%. MFA Financial’s dividend payout ratio is currently 102.56%.
Several research firms have weighed in on MFA. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.50 target price on shares of MFA Financial in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. MFA Financial presently has an average rating of “Buy” and a consensus price target of $8.81.
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About MFA Financial
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.
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