Russell Investments Group Ltd. Decreases Position in MFA Financial, Inc. (MFA)
Russell Investments Group Ltd. decreased its position in shares of MFA Financial, Inc. (NYSE:MFA) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,492 shares of the real estate investment trust’s stock after selling 107,773 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of MFA Financial worth $2,553,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MFA. Public Employees Retirement Association of Colorado lifted its holdings in shares of MFA Financial by 5.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 678 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of MFA Financial by 23.9% during the second quarter. Great West Life Assurance Co. Can now owns 42,528 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 8,209 shares during the period. World Asset Management Inc lifted its holdings in shares of MFA Financial by 7.9% during the second quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 1,049 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of MFA Financial by 7.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,141,863 shares of the real estate investment trust’s stock worth $17,971,000 after purchasing an additional 145,378 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of MFA Financial during the second quarter worth about $309,000. 80.61% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. B. Riley reissued a “neutral” rating on shares of MFA Financial in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $9.00 price target on shares of MFA Financial in a report on Tuesday, November 7th. BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Zacks Investment Research downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. MFA Financial presently has an average rating of “Hold” and a consensus target price of $9.08.
MFA Financial, Inc. (NYSE MFA) opened at $8.04 on Thursday. MFA Financial, Inc. has a twelve month low of $7.56 and a twelve month high of $8.90. The stock has a market capitalization of $3,171.58, a P/E ratio of 10.94 and a beta of 0.66.
MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The company had revenue of $55.86 million during the quarter, compared to analyst estimates of $71.13 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was down 13.5% compared to the same quarter last year. research analysts anticipate that MFA Financial, Inc. will post 0.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date is Wednesday, December 27th. MFA Financial’s dividend payout ratio (DPR) is presently 109.59%.
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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