MFA Financial, Inc. (MFA) Position Increased by Mackenzie Financial Corp
Mackenzie Financial Corp increased its position in shares of MFA Financial, Inc. (NYSE:MFA) by 50.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,018 shares of the real estate investment trust’s stock after buying an additional 28,012 shares during the period. Mackenzie Financial Corp’s holdings in MFA Financial were worth $736,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in MFA Financial by 7.1% during the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock worth $268,322,000 after buying an additional 2,106,310 shares in the last quarter. BlackRock Inc. boosted its holdings in MFA Financial by 10.0% during the second quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock worth $216,333,000 after buying an additional 2,350,575 shares in the last quarter. FMR LLC boosted its holdings in MFA Financial by 5.0% during the second quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock worth $187,962,000 after buying an additional 1,065,338 shares in the last quarter. State Street Corp boosted its holdings in MFA Financial by 0.5% during the second quarter. State Street Corp now owns 5,756,834 shares of the real estate investment trust’s stock worth $48,305,000 after buying an additional 26,708 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in MFA Financial during the second quarter worth $47,801,000. 80.71% of the stock is currently owned by hedge funds and other institutional investors.
MFA Financial, Inc. (NYSE:MFA) traded down $0.03 on Tuesday, reaching $8.03. 1,445,700 shares of the company’s stock traded hands, compared to its average volume of 2,153,110. The stock has a market capitalization of $3,199.36, a P/E ratio of 11.04 and a beta of 0.66. MFA Financial, Inc. has a fifty-two week low of $7.53 and a fifty-two week high of $8.90.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. analysts forecast that MFA Financial, Inc. will post 0.77 earnings per share for the current year.
MFA has been the topic of a number of recent analyst reports. B. Riley reissued a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. BidaskClub downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. Zacks Investment Research downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Tuesday, November 7th. Finally, JMP Securities downgraded shares of MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.08.
In related news, insider Ronald A. Freydberg acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $7.78 per share, with a total value of $155,600.00. Following the completion of the acquisition, the insider now directly owns 579,714 shares in the company, valued at approximately $4,510,174.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.92% of the company’s stock.
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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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