Bank of America Corp DE Sells 314,152 Shares of MFA Financial, Inc. (NYSE:MFA)
Bank of America Corp DE reduced its position in shares of MFA Financial, Inc. (NYSE:MFA) by 13.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,990,860 shares of the real estate investment trust’s stock after selling 314,152 shares during the period. Bank of America Corp DE owned approximately 0.53% of MFA Financial worth $16,085,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MFA. Chicago Equity Partners LLC acquired a new position in shares of MFA Financial during the first quarter worth about $105,000. World Asset Management Inc boosted its position 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 worth $107,000 after buying an additional 90 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of MFA Financial during the first quarter worth about $109,000. Meadow Creek Investment Management LLC boosted its position 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 worth $110,000 after buying an additional 1,260 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MFA Financial by 18.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,336 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,198 shares in the last quarter. 78.89% of the stock is owned by institutional investors.
MFA Financial, Inc. (MFA) traded down 0.11% on Tuesday, reaching $8.74. 2,432,972 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $8.53 and its 200 day moving average price is $8.21. MFA Financial, Inc. has a 52-week low of $7.03 and a 52-week high of $8.78. The firm has a market capitalization of $3.46 billion, a PE ratio of 11.11 and a beta of 0.72.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $61.14 million for the quarter, compared to the consensus estimate of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. On average, analysts predict that MFA Financial, Inc. will post $0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Thursday, June 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend was Tuesday, June 27th. MFA Financial’s dividend payout ratio (DPR) is currently 102.56%.
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MFA has been the topic of several analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a research note on Friday, May 5th. Zacks Investment Research lowered shares of MFA Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a research note on Friday. BidaskClub upgraded shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 19th. Finally, Wells Fargo & Company upgraded shares of MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.18.
MFA Financial Company Profile
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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