MFA Financial (NYSE:MFA) Sees Large Volume Increase

MFA Financial, Inc. (NYSE:MFAGet Rating) shares saw an uptick in trading volume on Thursday . 32,472 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 1,176,943 shares.The stock last traded at $10.25 and had previously closed at $10.54.

Analysts Set New Price Targets

A number of research firms recently weighed in on MFA. Royal Bank of Canada decreased their price target on MFA Financial from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Monday, August 15th. StockNews.com lowered MFA Financial from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. Keefe, Bruyette & Woods lowered MFA Financial from an “outperform” rating to a “market perform” rating and set a $12.75 price target for the company. in a research report on Monday, July 18th. JMP Securities decreased their price target on MFA Financial from $18.00 to $15.00 and set a “market outperform” rating for the company in a research report on Tuesday, June 14th. Finally, TheStreet lowered MFA Financial from a “c-” rating to a “d+” rating in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.25.

MFA Financial Stock Performance

The stock has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $13.03.

MFA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.76 dividend on an annualized basis and a yield of 17.20%. MFA Financial’s payout ratio is presently -338.46%.

Insider Activity

In other news, SVP Bryan Wulfsohn purchased 3,000 shares of MFA Financial stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $32,250.00. Following the acquisition, the senior vice president now directly owns 63,350 shares in the company, valued at $681,012.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MFA Financial news, CEO Craig L. Knutson purchased 2,471 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $10.81 per share, for a total transaction of $26,711.51. Following the completion of the acquisition, the chief executive officer now directly owns 349,682 shares in the company, valued at $3,780,062.42. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bryan Wulfsohn purchased 3,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were acquired at an average price of $10.75 per share, with a total value of $32,250.00. Following the completion of the acquisition, the senior vice president now owns 63,350 shares of the company’s stock, valued at $681,012.50. The disclosure for this purchase can be found here. Insiders bought a total of 10,096 shares of company stock worth $108,606 in the last three months. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of MFA Financial by 9.0% during the first quarter. State Street Corp now owns 10,109,396 shares of the real estate investment trust’s stock worth $41,770,000 after buying an additional 835,717 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MFA Financial by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 7,137,117 shares of the real estate investment trust’s stock valued at $32,545,000 after purchasing an additional 404,324 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MFA Financial by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,951,627 shares of the real estate investment trust’s stock valued at $19,956,000 after purchasing an additional 122,878 shares in the last quarter. LSV Asset Management raised its stake in shares of MFA Financial by 1.3% in the first quarter. LSV Asset Management now owns 4,506,700 shares of the real estate investment trust’s stock valued at $18,162,000 after purchasing an additional 57,800 shares in the last quarter. Finally, Beach Point Capital Management LP raised its stake in shares of MFA Financial by 22.3% in the first quarter. Beach Point Capital Management LP now owns 3,292,055 shares of the real estate investment trust’s stock valued at $13,267,000 after purchasing an additional 600,000 shares in the last quarter. 62.15% of the stock is currently owned by institutional investors and hedge funds.

About MFA Financial

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MFA Financial, Inc, together with 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, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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