Pekin Singer Strauss Asset Management IL Has $293,000 Position in MFA Financial, Inc. (MFA)
Pekin Singer Strauss Asset Management IL maintained its stake in MFA Financial, Inc. (NYSE:MFA) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,950 shares of the real estate investment trust’s stock at the end of the second quarter. Pekin Singer Strauss Asset Management IL’s holdings in MFA Financial were worth $293,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its stake 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 valued at $104,000 after buying an additional 678 shares during the period. Chicago Equity Partners LLC acquired a new stake in MFA Financial during the first quarter valued at approximately $105,000. World Asset Management Inc increased its stake in MFA Financial by 0.7% in the first quarter. World Asset Management Inc now owns 13,255 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 90 shares during the period. Koch Industries Inc. acquired a new stake in MFA Financial during the first quarter valued at approximately $109,000. Finally, Meadow Creek Investment Management LLC increased its stake in MFA Financial by 10.3% in the first quarter. Meadow Creek Investment Management LLC now owns 13,552 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,260 shares during the period. 78.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of MFA Financial, Inc. (MFA) opened at 8.81 on Friday. MFA Financial, Inc. has a one year low of $7.03 and a one year high of $8.85. The stock has a market capitalization of $3.49 billion, a P/E ratio of 11.11 and a beta of 0.72. The company’s 50-day moving average is $8.56 and its 200-day moving average is $8.25.
MFA Financial (NYSE:MFA) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. On average, equities research analysts anticipate that MFA Financial, Inc. will post $0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, June 29th were issued 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 9.08%. MFA Financial’s payout ratio is 102.56%.
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Several research firms have recently commented on MFA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $9.00 price objective on shares of MFA Financial in a report on Friday, August 4th. Zacks Investment Research downgraded shares of MFA Financial from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Wells Fargo & Company raised shares of MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.29.
About MFA Financial
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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