MFA Financial, Inc. (NYSE:MFA) Stake Increased by Bessemer Group Inc.
Bessemer Group Inc. raised its stake in MFA Financial, Inc. (NYSE:MFA) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 598,429 shares of the real estate investment trust’s stock after buying an additional 14,275 shares during the period. Bessemer Group Inc. owned about 0.15% of MFA Financial worth $5,021,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of MFA. Great West Life Assurance Co. Can boosted its position in MFA Financial by 23.9% in the second quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 8,209 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in MFA Financial by 5.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 678 shares during the last quarter. Parametrica Management Ltd purchased a new position in MFA Financial during the second quarter worth about $221,000. Breton Hill Capital Ltd. boosted its position in MFA Financial by 638.4% in the second quarter. Breton Hill Capital Ltd. now owns 80,483 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 69,583 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in MFA Financial by 1.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 474,240 shares of the real estate investment trust’s stock worth $3,979,000 after buying an additional 8,920 shares during the last quarter. Institutional investors and hedge funds own 78.89% of the company’s stock.
Shares of MFA Financial, Inc. (MFA) opened at 8.72 on Monday. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 11.08 and a beta of 0.72. The stock has a 50 day moving average price of $8.52 and a 200-day moving average price of $8.20. MFA Financial, Inc. has a 1-year low of $7.03 and a 1-year high of $8.76.
MFA Financial (NYSE:MFA) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $61.14 million during the quarter, compared to analyst estimates of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Equities research analysts forecast that MFA Financial, Inc. will post $0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.80 annualized dividend and a yield of 9.17%. MFA Financial’s dividend payout ratio is currently 102.56%.
MFA has been the subject of a number of research reports. Zacks Investment Research upgraded MFA Financial from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a report on Monday, May 15th. Wells Fargo & Company upgraded MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 15th. BidaskClub upgraded MFA Financial from a “buy” rating to a “strong-buy” rating in a report on Monday, June 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.00 price objective on shares of MFA Financial in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.18.
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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