Choreo LLC purchased a new stake in MFA Financial, Inc. (NYSE:MFA – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 13,212 shares of the real estate investment trust’s stock, valued at approximately $135,000.
A number of other institutional investors have also recently modified their holdings of MFA. EMC Capital Management raised its position in MFA Financial by 639.9% in the fourth quarter. EMC Capital Management now owns 13,888 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 12,011 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in MFA Financial during the fourth quarter worth about $428,000. Inspire Investing LLC increased its holdings in MFA Financial by 22.3% in the fourth quarter. Inspire Investing LLC now owns 39,594 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 7,220 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of MFA Financial by 31.9% during the 4th quarter. SG Americas Securities LLC now owns 40,681 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 9,836 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of MFA Financial by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,081,225 shares of the real estate investment trust’s stock worth $13,753,000 after acquiring an additional 23,852 shares in the last quarter. 65.28% of the stock is currently owned by hedge funds and other institutional investors.
MFA Financial Trading Down 0.2 %
MFA Financial stock opened at $10.66 on Friday. The stock has a fifty day moving average price of $10.38 and a 200 day moving average price of $11.40. MFA Financial, Inc. has a 52 week low of $9.36 and a 52 week high of $13.45. The firm has a market capitalization of $1.09 billion, a P/E ratio of 6.70 and a beta of 2.11.
MFA Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 13.14%. MFA Financial’s dividend payout ratio is presently 88.05%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MFA. JMP Securities dropped their price objective on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a research note on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on MFA Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $14.00 price target for the company. StockNews.com cut shares of MFA Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and set a $15.00 target price on shares of MFA Financial in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.80.
Check Out Our Latest Stock Report on MFA Financial
MFA Financial Company Profile
(Free Report)
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.
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