Crawford Investment Counsel Inc. Has $1.91 Million Position in MFA Financial, Inc. (MFA)
Crawford Investment Counsel Inc. raised its position in shares of MFA Financial, Inc. (NYSE:MFA) by 5.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 227,340 shares of the real estate investment trust’s stock after buying an additional 11,110 shares during the period. Crawford Investment Counsel Inc. owned about 0.06% of MFA Financial worth $1,907,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MFA. Girard Partners LTD. acquired a new stake in shares of MFA Financial during the second quarter worth about $268,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MFA Financial by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,899 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 1,563 shares during the last quarter. Neuberger Berman Group LLC boosted its position in MFA Financial by 64.7% in the second quarter. Neuberger Berman Group LLC now owns 60,784 shares of the real estate investment trust’s stock valued at $510,000 after buying an additional 23,884 shares during the last quarter. Utah Retirement Systems boosted its position in MFA Financial by 7.1% in the second quarter. Utah Retirement Systems now owns 72,153 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 4,753 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in MFA Financial by 7.7% in the second quarter. Prudential Financial Inc. now owns 644,356 shares of the real estate investment trust’s stock valued at $5,406,000 after buying an additional 45,800 shares during the last quarter. 80.10% of the stock is currently owned by institutional investors and hedge funds.
MFA Financial, Inc. (NYSE MFA) opened at 8.72 on Thursday. The company has a 50-day moving average of $8.66 and a 200 day moving average of $8.31. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 11.00 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.
MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. On average, equities research analysts anticipate that MFA Financial, Inc. will post $0.77 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MFA. Zacks Investment Research raised shares of MFA Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a report on Friday, August 4th. BidaskClub raised shares of MFA Financial from a “buy” rating to a “strong-buy” rating in a report on Monday, June 19th. Finally, Wells Fargo & Company raised shares of MFA Financial from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.29.
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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