Virginia Retirement Systems ET AL Invests $1,029,000 in MFA Financial Inc. (MFA)
Virginia Retirement Systems ET AL purchased a new stake in MFA Financial Inc. (NYSE:MFA ) during the second quarter, Holdings Channel reports. The fund purchased 141,600 shares of the company’s stock, valued at approximately $1,029,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new stake in MFA Financial during the second quarter worth approximately $166,000. BLB&B Advisors LLC raised its stake in MFA Financial by 4.2% in the second quarter. BLB&B Advisors LLC now owns 24,695 shares of the company’s stock valued at $180,000 after buying an additional 1,000 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in MFA Financial by 1.6% in the second quarter. Commonwealth Equity Services Inc now owns 28,629 shares of the company’s stock valued at $208,000 after buying an additional 456 shares in the last quarter. Argent Trust Co bought a new stake in MFA Financial during the second quarter valued at about $248,000. Finally, GSA Capital Partners LLP bought a new stake in MFA Financial during the second quarter valued at about $264,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.
MFA Financial Inc. (NYSE:MFA ) opened at 7.48 on Friday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 9.49 and a beta of 0.53. MFA Financial Inc. has a 52 week low of $5.61 and a 52 week high of $7.86. The company’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.26.
MFA Financial (NYSE:MFA ) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The company earned $66.80 million during the quarter, compared to analyst estimates of $74.09 million. MFA Financial had a return on equity of 10.48% and a net margin of 63.80%. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Equities analysts forecast that MFA Financial Inc. will post $0.77 earnings per share for the current fiscal 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 paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.70%. MFA Financial’s payout ratio is currently 101.27%.
Several analysts have issued reports on MFA shares. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Tuesday, September 20th. FBR & Co lowered MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price target for the company. in a report on Tuesday, September 6th. Credit Suisse Group AG reissued a “hold” rating and set a $7.50 price target on shares of MFA Financial in a report on Sunday, September 11th. Compass Point lowered MFA Financial from a “neutral” rating to a “sell” rating and set a $7.00 price target for the company. in a report on Wednesday, June 15th. Finally, Deutsche Bank AG set a $7.50 price target on MFA Financial and gave the company a “hold” rating in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.60.
About MFA Financial
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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