Teachers Retirement System of The State of Kentucky lessened its position in shares of MFA Finl Inc/SH (NYSE:MFA) by 7.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,274 shares of the real estate investment trust’s stock after selling 8,888 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MFA Finl Inc/SH were worth $855,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in MFA Finl Inc/SH by 8.8% during the second quarter. Commonwealth Equity Services LLC now owns 88,529 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 7,192 shares during the last quarter. Creative Planning increased its stake in MFA Finl Inc/SH by 21.8% in the second quarter. Creative Planning now owns 43,032 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 7,705 shares in the last quarter. Moody Aldrich Partners LLC bought a new stake in MFA Finl Inc/SH in the second quarter valued at $65,415,000. MML Investors Services LLC increased its stake in MFA Finl Inc/SH by 28.6% in the third quarter. MML Investors Services LLC now owns 40,772 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 9,077 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its stake in MFA Finl Inc/SH by 10.5% in the third quarter. Congress Asset Management Co. MA now owns 107,707 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 10,276 shares in the last quarter. 80.60% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of MFA Finl Inc/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of MFA Finl Inc/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Raymond James assumed coverage on shares of MFA Finl Inc/SH in a research note on Thursday, October 11th. They issued a “market perform” rating for the company. Six analysts have rated the stock with a hold rating, MFA Finl Inc/SH has an average rating of “Hold” and an average price target of $8.25.
MFA opened at $7.25 on Monday. 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 capitalization of $3.26 billion, a price-to-earnings ratio of 9.18 and a beta of 0.40.
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 for the quarter, beating the consensus estimate of $0.18 by $0.01. MFA Finl Inc/SH had a net margin of 80.58% and a return on equity of 10.31%. The firm had revenue of $58.55 million during the quarter, compared to the consensus estimate of $56.00 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that MFA Finl Inc/SH will post 0.73 EPS for the current year.
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About MFA Finl Inc/SH
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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