MFA Financial, Inc. (MFA) Shares Sold by Citigroup Inc.
Citigroup Inc. trimmed its position in MFA Financial, Inc. (NYSE:MFA) by 12.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 665,739 shares of the real estate investment trust’s stock after selling 96,352 shares during the period. Citigroup Inc. owned approximately 0.17% of MFA Financial worth $5,586,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its holdings in shares of 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 in the last quarter. World Asset Management Inc increased its holdings in shares of 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 in the last quarter. Koch Industries Inc. bought a new position in shares of MFA Financial in the first quarter valued at $109,000. Meadow Creek Investment Management LLC increased its holdings in shares of 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 in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of MFA Financial in the second quarter valued at $116,000. Hedge funds and other institutional investors own 80.10% of the company’s stock.
MFA has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.00 price target on shares of MFA Financial in a report on Wednesday, June 7th. BidaskClub raised shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.69.
MFA Financial, Inc. (NYSE:MFA) opened at 8.85 on Friday. The stock has a 50 day moving average of $8.76 and a 200-day moving average of $8.40. MFA Financial, Inc. has a 1-year low of $7.03 and a 1-year high of $8.90. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.16 and a beta of 0.71.
MFA Financial (NYSE:MFA) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $68.91 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, equities research analysts anticipate 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 Tuesday, October 31st. Investors of record on Thursday, September 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.04%. MFA Financial’s payout ratio is 102.56%.
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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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