Eagle Asset Management Inc. Buys New Holdings in MFA Financial, Inc. (MFA)
Eagle Asset Management Inc. bought a new position in shares of MFA Financial, Inc. (NYSE:MFA) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 150,615 shares of the real estate investment trust’s stock, valued at approximately $1,263,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in MFA Financial by 3.2% during the 1st quarter. Prudential Financial Inc. now owns 598,556 shares of the real estate investment trust’s stock worth $4,836,000 after buying an additional 18,297 shares during the period. Principal Financial Group Inc. lifted its holdings in MFA Financial by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 280,876 shares of the real estate investment trust’s stock worth $2,269,000 after buying an additional 3,504 shares during the period. Sigma Planning Corp lifted its holdings in MFA Financial by 26.0% during the 2nd quarter. Sigma Planning Corp now owns 19,120 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,946 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in MFA Financial by 58.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 643,601 shares of the real estate investment trust’s stock worth $5,400,000 after buying an additional 236,672 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in MFA Financial by 34.9% during the 1st quarter. Russell Investments Group Ltd. now owns 475,335 shares of the real estate investment trust’s stock worth $3,842,000 after buying an additional 123,042 shares during the period. 80.10% of the stock is currently owned by hedge funds and other institutional investors.
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Several research analysts have commented on MFA shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $9.00 target price on shares of MFA Financial in a report on Friday, August 4th. BidaskClub raised MFA Financial from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $8.50 target price on shares of MFA Financial in a report on Friday, August 4th. Finally, Wells Fargo & Company raised MFA Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, May 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.69.
MFA Financial, Inc. (NYSE:MFA) opened at 8.77 on Tuesday. The firm has a market capitalization of $3.48 billion, a P/E ratio of 11.06 and a beta of 0.71. MFA Financial, Inc. has a 52 week low of $7.03 and a 52 week high of $8.90. The stock has a 50 day moving average price of $8.72 and a 200-day moving average price of $8.36.
MFA Financial (NYSE:MFA) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $68.91 million. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. MFA Financial’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. Analysts anticipate that MFA Financial, Inc. will post $0.77 EPS for the current fiscal year.
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.
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