Creative Planning cut its position in MFA FINL INC/SH (NYSE:MFA) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,780 shares of the real estate investment trust’s stock after selling 2,708 shares during the quarter. Creative Planning’s holdings in MFA FINL INC/SH were worth $197,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in MFA FINL INC/SH by 1.3% in the second quarter. BlackRock Inc. now owns 29,615,750 shares of the real estate investment trust’s stock worth $212,641,000 after purchasing an additional 377,366 shares in the last quarter. Timbercreek Investment Management Inc. raised its position in MFA FINL INC/SH by 9.7% in the third quarter. Timbercreek Investment Management Inc. now owns 2,079,228 shares of the real estate investment trust’s stock worth $15,303,000 after purchasing an additional 183,832 shares in the last quarter. Foundry Partners LLC acquired a new position in MFA FINL INC/SH in the third quarter worth about $5,184,000. State of New Jersey Common Pension Fund D acquired a new position in MFA FINL INC/SH in the third quarter worth about $3,227,000. Finally, Jag Capital Management LLC raised its position in MFA FINL INC/SH by 1.4% in the third quarter. Jag Capital Management LLC now owns 140,089 shares of the real estate investment trust’s stock worth $1,031,000 after purchasing an additional 1,886 shares in the last quarter. Institutional investors own 79.17% of the company’s stock.
NYSE:MFA opened at $7.88 on Friday. MFA FINL INC/SH has a 12-month low of $6.93 and a 12-month high of $8.00. The firm has a market capitalization of $3.51 billion, a PE ratio of 10.94 and a beta of 0.50. The firm has a 50-day moving average price of $7.78 and a 200 day moving average price of $7.56.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, December 27th. This represents a $0.80 annualized dividend and a yield of 10.15%. MFA FINL INC/SH’s dividend payout ratio is 117.65%.
Several research firms recently issued reports on MFA. ValuEngine raised shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Zacks Investment Research lowered shares of MFA FINL INC/SH from a “hold” rating to a “sell” rating in a research report on Saturday, February 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. MFA FINL INC/SH presently has an average rating of “Hold” and an average target price of $8.25.
In other MFA FINL INC/SH news, Director Robin Josephs sold 24,805 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $7.66, for a total transaction of $190,006.30. 0.73% of the stock is currently owned by corporate insiders.
MFA FINL INC/SH 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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