MFA Financial, Inc. (MFA) Shares Bought by MML Investors Services LLC
MML Investors Services LLC boosted its stake in MFA Financial, Inc. (NYSE:MFA) by 19.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,131 shares of the real estate investment trust’s stock after purchasing an additional 3,511 shares during the quarter. MML Investors Services LLC’s holdings in MFA Financial were worth $177,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in MFA. BlackRock Inc. lifted its stake in MFA Financial by 13,441.2% in the 1st quarter. BlackRock Inc. now owns 23,434,017 shares of the real estate investment trust’s stock worth $189,346,000 after purchasing an additional 23,260,960 shares in the last quarter. Vanguard Group Inc. lifted its stake in MFA Financial by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock worth $268,322,000 after purchasing an additional 2,106,310 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in MFA Financial by 459.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock worth $15,371,000 after purchasing an additional 1,504,565 shares in the last quarter. First Quadrant L P CA lifted its stake in MFA Financial by 115.9% in the 2nd quarter. First Quadrant L P CA now owns 2,092,859 shares of the real estate investment trust’s stock worth $17,559,000 after purchasing an additional 1,123,603 shares in the last quarter. Finally, FMR LLC lifted its stake in MFA Financial by 5.0% in the 2nd quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock worth $187,962,000 after purchasing an additional 1,065,338 shares in the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.
Shares of MFA Financial, Inc. (NYSE:MFA) opened at 8.82 on Friday. MFA Financial, Inc. has a 52 week low of $7.03 and a 52 week high of $8.90. The stock has a market cap of $3.50 billion, a PE ratio of 11.12 and a beta of 0.71. The firm has a 50-day moving average of $8.77 and a 200 day moving average of $8.46.
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, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business 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 company’s revenue was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. On average, equities analysts forecast that MFA Financial, Inc. will post $0.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, September 27th. MFA Financial’s payout ratio is 102.56%.
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Several brokerages have commented on MFA. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.50 price target on shares of MFA Financial in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.81.
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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