MFA Financial, Inc. (NYSE:MFA) CEO Craig L. Knutson acquired 8,000 shares of MFA Financial stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $7.30 per share, with a total value of $58,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of MFA Financial, Inc. (MFA) opened at $7.35 on Friday. MFA Financial, Inc. has a one year low of $6.72 and a one year high of $8.90. The stock has a market cap of $2,928.41, a PE ratio of 9.30 and a beta of 0.46.
MFA Financial (NYSE:MFA) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. MFA Financial had a net margin of 61.24% and a return on equity of 10.04%. The business had revenue of $52.41 million during the quarter, compared to the consensus estimate of $76.10 million. During the same period last year, the business posted $0.18 EPS. equities research analysts expect that MFA Financial, Inc. will post 0.8 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, December 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.80 annualized dividend and a yield of 10.88%. MFA Financial’s dividend payout ratio (DPR) is currently 101.27%.
Large investors have recently modified their holdings of the stock. Jefferies Group LLC acquired a new stake in MFA Financial in the 4th quarter valued at about $106,000. Two Sigma Securities LLC acquired a new stake in MFA Financial in the 4th quarter valued at about $144,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MFA Financial by 48.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,681 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 7,782 shares during the last quarter. Alps Advisors Inc. acquired a new stake in MFA Financial in the 4th quarter valued at about $199,000. Finally, Koch Industries Inc. acquired a new stake in MFA Financial in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 79.42% of the company’s stock.
A number of research firms have recently commented on MFA. B. Riley restated a “neutral” rating on shares of MFA Financial in a research note on Friday, November 3rd. BidaskClub downgraded shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Zacks Investment Research downgraded shares of MFA Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 13th. Finally, Royal Bank of Canada restated a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. MFA Financial currently has a consensus rating of “Hold” and an average target price of $8.81.
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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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