SeaBridge Investment Advisors LLC raised its position in MFA Financial, Inc. (NYSE:MFA) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 474,240 shares of the real estate investment trust’s stock after buying an additional 8,920 shares during the period. SeaBridge Investment Advisors LLC owned approximately 0.12% of MFA Financial worth $3,979,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in MFA. BlackRock Inc. raised its position in shares of 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 valued at $189,346,000 after buying an additional 23,260,960 shares during the last quarter. Karp Capital Management Corp purchased a new position in MFA Financial during the first quarter valued at approximately $29,455,000. Norges Bank purchased a new position in MFA Financial during the fourth quarter valued at approximately $27,345,000. Vanguard Group Inc. raised its position 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 valued at $241,389,000 after buying an additional 1,498,013 shares in the last quarter. Finally, First Quadrant L P CA raised its position in MFA Financial by 115.9% in the second quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock valued at $17,559,000 after buying an additional 1,123,603 shares in the last quarter. 78.89% of the stock is owned by institutional investors and hedge funds.
Shares of MFA Financial, Inc. (MFA) opened at 8.81 on Friday. MFA Financial, Inc. has a 52-week low of $7.03 and a 52-week high of $8.85. The firm has a market capitalization of $3.49 billion, a P/E ratio of 11.11 and a beta of 0.72. The stock’s 50 day moving average is $8.56 and its 200-day moving average is $8.25.
MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, equities analysts forecast that MFA Financial, Inc. will post $0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Thursday, June 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date was Tuesday, June 27th. MFA Financial’s payout ratio is currently 102.56%.
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A number of analysts have weighed in on MFA shares. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Wells Fargo & Company raised MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Finally, BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. MFA Financial has an average rating of “Hold” and an average price target of $8.29.
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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