SeaBridge Investment Advisors LLC Has $3.69 Million Position in MFA Financial, Inc. (MFA)
SeaBridge Investment Advisors LLC trimmed its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 466,075 shares of the real estate investment trust’s stock after selling 6,995 shares during the quarter. SeaBridge Investment Advisors LLC owned 0.12% of MFA Financial worth $3,691,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in MFA. Franklin Resources Inc. bought a new stake in shares of MFA Financial during the 2nd quarter valued at $116,000. GSA Capital Partners LLP purchased a new position in MFA Financial during the second quarter worth about $136,000. Profund Advisors LLC grew its position in MFA Financial by 33.6% during the second quarter. Profund Advisors LLC now owns 19,586 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 4,923 shares in the last quarter. MML Investors Services LLC grew its position in MFA Financial by 19.9% during the second quarter. MML Investors Services LLC now owns 21,131 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 3,511 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in MFA Financial during the third quarter worth about $220,000. Institutional investors own 80.45% of the company’s stock.
In other news, insider Ronald A. Freydberg acquired 20,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $7.78 per share, for a total transaction of $155,600.00. Following the acquisition, the insider now owns 579,714 shares of the company’s stock, valued at $4,510,174.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.
MFA Financial (NYSE:MFA) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The business had revenue of $55.86 million for the quarter, compared to analysts’ expectations of $71.13 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. MFA Financial’s quarterly revenue was down 13.5% compared to the same quarter last year. equities analysts anticipate that MFA Financial, Inc. will post 0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date of this dividend is Wednesday, December 27th. MFA Financial’s payout ratio is currently 109.59%.
Several research firms recently commented on MFA. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Wednesday, October 4th. BidaskClub cut MFA Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. JMP Securities cut MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Royal Bank of Canada restated a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research report on Tuesday, November 7th. Finally, B. Riley restated a “neutral” rating on shares of MFA Financial in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.08.
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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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