Rafferty Asset Management LLC Has $290,000 Stake in MFA Financial Inc. (MFA)
Rafferty Asset Management LLC decreased its position in MFA Financial Inc. (NYSE:MFA ) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,849 shares of the company’s stock after selling 9,031 shares during the period. Rafferty Asset Management LLC’s holdings in MFA Financial were worth $290,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of MFA . Quantitative Systematic Strategies LLC bought a new position in MFA Financial during the second quarter worth about $166,000. BLB&B Advisors LLC increased its position in MFA Financial by 4.2% in the second quarter. BLB&B Advisors LLC now owns 24,695 shares of the company’s stock worth $180,000 after buying an additional 1,000 shares during the last quarter. Commonwealth Equity Services Inc increased its position in MFA Financial by 1.6% in the second quarter. Commonwealth Equity Services Inc now owns 28,629 shares of the company’s stock worth $208,000 after buying an additional 456 shares during the last quarter. Argent Trust Co bought a new position in MFA Financial during the second quarter worth about $248,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in MFA Financial by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,605 shares of the company’s stock worth $250,000 after buying an additional 150 shares during the last quarter. Institutional investors own 85.51% of the company’s stock.
Shares of MFA Financial Inc. (NYSE:MFA ) remained flat at $7.55 during midday trading on Tuesday. The company had a trading volume of 919,592 shares. The firm has a market cap of $2.80 billion, a P/E ratio of 9.58 and a beta of 0.53. The stock has a 50-day moving average of $7.68 and a 200 day moving average of $7.22. MFA Financial Inc. has a 52 week low of $5.61 and a 52 week high of $7.86.
MFA Financial (NYSE:MFA ) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company earned $66.80 million during the quarter, compared to analysts’ expectations of $74.09 million. MFA Financial had a net margin of 63.80% and a return on equity of 10.48%. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. On average, equities research analysts predict 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 Monday, October 31st. Shareholders of record on Wednesday, September 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 26th. This represents a $0.80 annualized dividend and a yield of 10.60%. MFA Financial’s dividend payout ratio (DPR) is 101.27%.
MFA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Tuesday. Deutsche Bank AG set a $7.50 target price on shares of MFA Financial and gave the company a “hold” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $7.50 target price on shares of MFA Financial in a research note on Sunday, September 11th. FBR & Co downgraded shares of MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 target price for the company. in a research note on Tuesday, September 6th. Finally, Compass Point downgraded shares of MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 target price for the company. in a research note on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.60.
MFA Financial Company Profile
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
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