Panagora Asset Management Inc. Purchases 60,651 Shares of MFA FINL INC/SH (NYSE:MFA)
Panagora Asset Management Inc. grew its position in shares of MFA FINL INC/SH (NYSE:MFA) by 49.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,370 shares of the real estate investment trust’s stock after purchasing an additional 60,651 shares during the period. Panagora Asset Management Inc.’s holdings in MFA FINL INC/SH were worth $1,317,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC raised its position in shares of MFA FINL INC/SH by 72.2% in the second quarter. Capital Investment Advisory Services LLC now owns 3,745 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of MFA FINL INC/SH in the 1st quarter valued at about $63,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of MFA FINL INC/SH in the 2nd quarter valued at about $72,000. Claraphi Advisory Network LLC purchased a new stake in shares of MFA FINL INC/SH in the 2nd quarter valued at about $80,000. Finally, Synovus Financial Corp boosted its position in shares of MFA FINL INC/SH by 30.3% during the 1st quarter. Synovus Financial Corp now owns 11,108 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 2,581 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.
MFA has been the subject of several recent analyst reports. Zacks Investment Research raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods raised shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 price target for the company in a research note on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.83.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $59.89 million during the quarter, compared to analyst estimates of $67.90 million. MFA FINL INC/SH had a return on equity of 9.39% and a net margin of 61.54%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, analysts forecast that MFA FINL INC/SH will post 0.76 earnings per share for the current fiscal year.
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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