Girard Partners LTD. Decreases Position in MFA Financial, Inc. (MFA)
Girard Partners LTD. trimmed its position in shares of MFA Financial, Inc. (NYSE:MFA) by 54.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,600 shares of the real estate investment trust’s stock after selling 17,400 shares during the period. Girard Partners LTD.’s holdings in MFA Financial were worth $128,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in shares of MFA Financial during the 2nd quarter valued at about $291,000. Public Employees Retirement Association of Colorado raised its holdings in shares of MFA Financial by 5.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 678 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of MFA Financial during the 2nd quarter valued at about $116,000. World Asset Management Inc raised its holdings in shares of MFA Financial by 7.9% during the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 1,049 shares in the last quarter. Finally, Ffcm LLC raised its holdings in shares of MFA Financial by 144.2% during the 2nd quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 8,936 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.
MFA has been the topic of a number of research reports. Zacks Investment Research cut MFA Financial from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Friday, August 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Finally, BidaskClub cut MFA Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.08.
Shares of MFA Financial, Inc. (NYSE MFA) traded up $0.09 during trading on Tuesday, reaching $8.09. The company’s stock had a trading volume of 2,045,300 shares, compared to its average volume of 2,182,153. The stock has a market cap of $3,240.00, a PE ratio of 10.96 and a beta of 0.68. MFA Financial, Inc. has a 1-year low of $7.53 and a 1-year high of $8.90.
MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). The company had revenue of $55.86 million during the quarter, compared to analysts’ expectations of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. MFA Financial’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. equities analysts anticipate that MFA Financial, Inc. will post 0.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 9.89%. MFA Financial’s dividend payout ratio (DPR) is currently 109.59%.
In related news, insider Ronald A. Freydberg purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $7.78 per share, with a total value of $155,600.00. Following the purchase, the insider now directly owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is owned by insiders.
MFA Financial Company Profile
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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