Cadence Capital Management LLC grew its stake in MFA Financial, Inc. (NYSE:MFA) by 31.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 51,912 shares of the real estate investment trust’s stock after acquiring an additional 12,563 shares during the period. Cadence Capital Management LLC’s holdings in MFA Financial were worth $455,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC acquired a new position in MFA Financial during the 3rd quarter worth approximately $554,000. Legal & General Group Plc grew its stake in MFA Financial by 9.4% in the 3rd quarter. Legal & General Group Plc now owns 443,868 shares of the real estate investment trust’s stock valued at $3,889,000 after acquiring an additional 38,086 shares during the last quarter. Van ECK Associates Corp grew its stake in MFA Financial by 3.8% in the 3rd quarter. Van ECK Associates Corp now owns 852,083 shares of the real estate investment trust’s stock valued at $7,464,000 after acquiring an additional 31,019 shares during the last quarter. Wasatch Advisors Inc. grew its stake in MFA Financial by 58.6% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,715,496 shares of the real estate investment trust’s stock valued at $15,028,000 after acquiring an additional 633,880 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in MFA Financial in the 3rd quarter valued at about $537,000. 80.71% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on MFA shares. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $9.00 price target on shares of MFA Financial in a research note on Tuesday, November 7th. Finally, JMP Securities cut shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.08.
In other news, insider Ronald A. Freydberg purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $7.78 per share, with a total value of $155,600.00. Following the purchase, the insider now directly owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is owned by company insiders.
MFA Financial, Inc. (NYSE MFA) traded down $0.03 during trading on Wednesday, hitting $8.03. 1,601,800 shares of the company’s stock traded hands, compared to its average volume of 2,170,910. MFA Financial, Inc. has a one year low of $7.53 and a one year high of $8.90. The firm has a market cap of $3,199.36, a PE ratio of 11.04 and a beta of 0.66.
MFA Financial (NYSE:MFA) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The firm had revenue of $55.86 million for the quarter, compared to analyst estimates of $71.13 million. During the same period in the prior year, the business earned $0.21 earnings per share. MFA Financial’s revenue for the quarter was down 13.5% on a year-over-year basis. sell-side analysts anticipate that MFA Financial, Inc. will post 0.77 EPS for the current year.
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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.
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