Robin Josephs Buys 14,000 Shares of MFA Finl Inc/SH (MFA) Stock
MFA Finl Inc/SH (NYSE:MFA) Director Robin Josephs bought 14,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were bought at an average cost of $7.10 per share, with a total value of $99,400.00. Following the purchase, the director now directly owns 107,991 shares in the company, valued at $766,736.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NYSE:MFA traded up $0.06 during trading on Friday, reaching $7.14. 2,218,503 shares of the company traded hands, compared to its average volume of 3,404,366. The firm has a market capitalization of $2.83 billion, a P/E ratio of 9.04 and a beta of 0.38. MFA Finl Inc/SH has a 1-year low of $6.72 and a 1-year high of $8.29.
MFA Finl Inc/SH (NYSE:MFA) last issued its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. MFA Finl Inc/SH had a net margin of 80.58% and a return on equity of 10.31%. The company had revenue of $58.55 million during the quarter, compared to analyst estimates of $56.00 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts expect that MFA Finl Inc/SH will post 0.73 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in MFA. State of Alaska Department of Revenue lifted its stake in shares of MFA Finl Inc/SH by 40.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 43,390 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 12,410 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $303,000. Nisa Investment Advisors LLC lifted its stake in shares of MFA Finl Inc/SH by 79.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 173,600 shares of the real estate investment trust’s stock valued at $1,316,000 after purchasing an additional 76,800 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of MFA Finl Inc/SH in the 2nd quarter valued at $1,540,000. Finally, Creative Planning lifted its stake in shares of MFA Finl Inc/SH by 21.8% in the 2nd quarter. Creative Planning now owns 43,032 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 7,705 shares during the last quarter. 78.42% of the stock is owned by institutional investors and hedge funds.
MFA has been the subject of a number of research reports. Zacks Investment Research raised shares of MFA Finl Inc/SH from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Thursday, July 26th. Compass Point set a $8.00 target price on shares of MFA Finl Inc/SH and gave the company a “hold” rating in a research note on Thursday, August 2nd. ValuEngine raised shares of MFA Finl Inc/SH from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James initiated coverage on shares of MFA Finl Inc/SH in a research note on Thursday, October 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.25.
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About MFA Finl Inc/SH
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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