Wedge Capital Management L L P NC reduced its position in shares of MFA Financial, Inc. (NYSE:MFA) by 14.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,740,827 shares of the real estate investment trust’s stock after selling 1,289,758 shares during the period. Wedge Capital Management L L P NC’s holdings in MFA Financial were worth $64,946,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of MFA Financial by 11.6% in the first quarter. First Trust Advisors LP now owns 3,199,466 shares of the real estate investment trust’s stock worth $25,852,000 after buying an additional 333,383 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of MFA Financial during the first quarter worth approximately $105,000. Nwam LLC boosted its position in shares of MFA Financial by 19.0% in the first quarter. Nwam LLC now owns 67,025 shares of the real estate investment trust’s stock worth $542,000 after buying an additional 10,700 shares during the last quarter. Geneva Advisors LLC boosted its position in shares of MFA Financial by 119.4% in the first quarter. Geneva Advisors LLC now owns 195,342 shares of the real estate investment trust’s stock worth $1,578,000 after buying an additional 106,297 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of MFA Financial by 12.6% in the first quarter. Wells Fargo & Company MN now owns 5,046,957 shares of the real estate investment trust’s stock worth $40,778,000 after buying an additional 564,175 shares during the last quarter. 78.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of MFA Financial, Inc. (NYSE:MFA) opened at 8.79 on Friday. MFA Financial, Inc. has a 12 month low of $7.03 and a 12 month high of $8.85. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 11.08 and a beta of 0.72. The firm’s 50 day moving average is $8.55 and its 200 day moving average is $8.24.

MFA Financial (NYSE:MFA) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The business had revenue of $61.14 million during the quarter, compared to analyst estimates of $68.91 million. During the same quarter last year, the company posted $0.20 EPS. MFA Financial’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts predict that MFA Financial, Inc. will post $0.77 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 9.10%. MFA Financial’s dividend payout ratio (DPR) is 102.56%.

TRADEMARK VIOLATION NOTICE: This news story was reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/11/wedge-capital-management-l-l-p-nc-sells-1289758-shares-of-mfa-financial-inc-mfa.html.

A number of brokerages have recently commented on MFA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.50 target price on shares of MFA Financial in a report on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a research note on Friday, August 4th. BidaskClub raised shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 19th. Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Wells Fargo & Company raised shares of MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. MFA Financial has a consensus rating of “Hold” and an average price target of $8.29.

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.

Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFA Financial, Inc. (NYSE:MFA).

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

Receive News & Ratings for MFA Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.