Garrison Bradford & Associates Inc. maintained its position in MFA Financial Inc. (NYSE:MFA ) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 20,000 shares of the company’s stock at the end of the second quarter. Garrison Bradford & Associates Inc.’s holdings in MFA Financial were worth $145,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new stake in shares of MFA Financial during the second quarter worth about $166,000. BLB&B Advisors LLC increased its stake in shares of MFA Financial by 4.2% in the second quarter. BLB&B Advisors LLC now owns 24,695 shares of the company’s stock worth $180,000 after buying an additional 1,000 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of MFA Financial by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 48,880 shares of the company’s stock worth $335,000 after buying an additional 16,104 shares in the last quarter. BlackRock Inc. increased its stake in shares of MFA Financial by 339.5% in the first quarter. BlackRock Inc. now owns 52,470 shares of the company’s stock worth $359,000 after buying an additional 40,532 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of MFA Financial by 627.0% in the second quarter. Quantbot Technologies LP now owns 75,401 shares of the company’s stock worth $548,000 after buying an additional 65,030 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.
Shares of MFA Financial Inc. (NYSE:MFA ) traded down 0.41% on Friday, hitting $7.30. The stock had a trading volume of 948,596 shares. MFA Financial Inc. has a 1-year low of $5.61 and a 1-year high of $7.86. The company has a market capitalization of $2.71 billion, a PE ratio of 9.26 and a beta of 0.49. The firm has a 50-day moving average of $7.38 and a 200 day moving average of $7.32.
MFA Financial (NYSE:MFA ) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. MFA Financial had a net margin of 63.80% and a return on equity of 10.48%. The company had revenue of $66.80 million for the quarter, compared to analysts’ expectations of $74.09 million. During the same quarter in the previous year, the firm posted $0.20 EPS. MFA Financial’s revenue was down 17.6% on a year-over-year basis. On average, equities analysts anticipate that MFA Financial Inc. will post $0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, September 28th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 10.96%. MFA Financial’s dividend payout ratio is 101.27%.
A number of equities research analysts recently issued reports on MFA shares. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Thursday, August 4th. Deutsche Bank AG set a $7.50 target price on MFA Financial and gave the stock a “hold” rating in a research note on Tuesday, August 9th. FBR & Co cut MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 target price for the company. in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $7.50 target price on shares of MFA Financial in a research note on Sunday, September 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.60.
About MFA Financial
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.