Cutter & CO Brokerage Inc. reduced its stake in MFA Financial, Inc. (NYSE:MFA) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,341 shares of the real estate investment trust’s stock after selling 1,356 shares during the period. Cutter & CO Brokerage Inc.’s holdings in MFA Financial were worth $1,001,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in MFA Financial by 5.3% in the first quarter. Vanguard Group Inc. now owns 29,874,948 shares of the real estate investment trust’s stock valued at $241,389,000 after buying an additional 1,498,013 shares in the last quarter. BlackRock Inc. raised its position in MFA Financial by 13,441.2% in the first quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock valued at $189,346,000 after buying an additional 23,260,960 shares in the last quarter. Wellington Management Group LLP raised its position in MFA Financial by 1.5% in the first quarter. Wellington Management Group LLP now owns 12,719,160 shares of the real estate investment trust’s stock valued at $102,772,000 after buying an additional 188,153 shares in the last quarter. Geode Capital Management LLC raised its position in MFA Financial by 3.3% in the first quarter. Geode Capital Management LLC now owns 5,932,340 shares of the real estate investment trust’s stock valued at $47,933,000 after buying an additional 189,548 shares in the last quarter. Finally, Boston Partners raised its position in MFA Financial by 2.4% in the second quarter. Boston Partners now owns 5,101,870 shares of the real estate investment trust’s stock valued at $42,805,000 after buying an additional 118,884 shares in the last quarter. 76.86% of the stock is owned by hedge funds and other institutional investors.

MFA Financial, Inc. (NYSE MFA) traded down 0.56% during midday trading on Friday, hitting $8.80. 130,701 shares of the stock traded hands. The stock has a market cap of $3.49 billion, a PE ratio of 11.10 and a beta of 0.72. MFA Financial, Inc. has a 12 month low of $7.03 and a 12 month high of $8.90. The company has a 50-day moving average of $8.65 and a 200-day moving average of $8.31.

MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $61.14 million during the quarter, compared to the consensus estimate of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. On average, equities research analysts anticipate that MFA Financial, Inc. will post $0.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Thursday, June 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.04%. The ex-dividend date was Tuesday, June 27th. MFA Financial’s dividend payout ratio (DPR) is 102.56%.

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Several equities analysts have recently issued reports on MFA shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a research report on Monday, May 15th. Wells Fargo & Company raised MFA Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, May 15th. Zacks Investment Research lowered MFA Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 target price on shares of MFA Financial in a research report on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $8.29.

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.

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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