Global X Management Co LLC boosted its holdings in shares of MFA Finl Inc/SH (NYSE:MFA) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,416,561 shares of the real estate investment trust’s stock after acquiring an additional 26,126 shares during the quarter. Global X Management Co LLC’s holdings in MFA Finl Inc/SH were worth $18,318,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MFA. Wells Fargo & Company MN increased its holdings in MFA Finl Inc/SH by 14.4% during the first quarter. Wells Fargo & Company MN now owns 5,433,006 shares of the real estate investment trust’s stock valued at $40,911,000 after buying an additional 685,514 shares during the period. SG Americas Securities LLC increased its holdings in MFA Finl Inc/SH by 35.1% during the first quarter. SG Americas Securities LLC now owns 35,403 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 9,203 shares during the period. Prudential Financial Inc. increased its holdings in MFA Finl Inc/SH by 26.4% during the first quarter. Prudential Financial Inc. now owns 820,856 shares of the real estate investment trust’s stock valued at $6,181,000 after buying an additional 171,400 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in MFA Finl Inc/SH by 4.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 461,052 shares of the real estate investment trust’s stock valued at $3,472,000 after buying an additional 21,270 shares during the period. Finally, Swiss National Bank increased its holdings in MFA Finl Inc/SH by 2.2% during the first quarter. Swiss National Bank now owns 690,100 shares of the real estate investment trust’s stock valued at $5,196,000 after buying an additional 15,100 shares during the period. 78.23% of the stock is currently owned by institutional investors.

NYSE MFA opened at $7.63 on Wednesday. MFA Finl Inc/SH has a 12-month low of $6.72 and a 12-month high of $8.90. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.66 and a beta of 0.33.

MFA Finl Inc/SH (NYSE:MFA) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). MFA Finl Inc/SH had a return on equity of 9.82% and a net margin of 77.32%. The firm had revenue of $49.94 million during the quarter, compared to analysts’ expectations of $58.57 million. During the same period in the prior year, the firm posted $0.20 earnings per share. MFA Finl Inc/SH’s revenue for the quarter was down 18.3% compared to the same quarter last year. sell-side analysts anticipate that MFA Finl Inc/SH will post 0.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.48%. The ex-dividend date of this dividend is Friday, September 28th. MFA Finl Inc/SH’s dividend payout ratio is currently 101.27%.

MFA has been the topic of several research reports. Zacks Investment Research raised shares of MFA Finl Inc/SH from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Compass Point set a $8.00 price objective on shares of MFA Finl Inc/SH and gave the company a “hold” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. lowered shares of MFA Finl Inc/SH from an “overweight” rating to a “neutral” rating in a report on Monday, July 23rd. Finally, ValuEngine lowered shares of MFA Finl Inc/SH from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.44.

MFA Finl Inc/SH Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

Read More: Fundamental Analysis – How It Helps Investors

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Institutional Ownership by Quarter for MFA Finl Inc/SH (NYSE:MFA)

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