Tiemann Investment Advisors LLC lifted its position in shares of MFA FINL INC/SH (NYSE:MFA) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,675 shares of the real estate investment trust’s stock after purchasing an additional 6,250 shares during the period. Tiemann Investment Advisors LLC’s holdings in MFA FINL INC/SH were worth $318,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC raised its stake in MFA FINL INC/SH by 4.4% during the 1st quarter. MML Investors Services LLC now owns 42,902 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 1,815 shares in the last quarter. Amalgamated Bank raised its stake in MFA FINL INC/SH by 2.5% during the 4th quarter. Amalgamated Bank now owns 84,748 shares of the real estate investment trust’s stock worth $566,000 after acquiring an additional 2,100 shares in the last quarter. Advisor Group Inc. raised its stake in MFA FINL INC/SH by 3.5% during the 4th quarter. Advisor Group Inc. now owns 71,457 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 2,431 shares in the last quarter. Synovus Financial Corp raised its stake in 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 worth $81,000 after acquiring an additional 2,581 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MFA FINL INC/SH by 8.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,497 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 2,648 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.
NYSE:MFA traded up $0.07 during midday trading on Friday, hitting $7.19. 89,348 shares of the company were exchanged, compared to its average volume of 1,818,854. MFA FINL INC/SH has a fifty-two week low of $6.40 and a fifty-two week high of $8.15. The firm has a market capitalization of $3.22 billion, a P/E ratio of 10.58 and a beta of 0.54.
MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). MFA FINL INC/SH had a return on equity of 8.83% and a net margin of 62.34%. The company had revenue of $61.93 million for the quarter, compared to analyst estimates of $60.20 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. MFA FINL INC/SH’s revenue was up 16.4% compared to the same quarter last year. Research analysts anticipate that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 11.13%. MFA FINL INC/SH’s dividend payout ratio is currently 117.65%.
Several brokerages recently commented on MFA. Zacks Investment Research upgraded shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Friday, March 8th. JMP Securities lowered shares of MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods upgraded shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. MFA FINL INC/SH currently has a consensus rating of “Hold” and a consensus price target of $7.94.
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MFA FINL INC/SH Company Profile
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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