MFA Financial, Inc. (MFA) To Go Ex-Dividend on June 30th

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.36 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

MFA Financial has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. MFA Financial has a payout ratio of 104.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Stock Up 1.3%

Shares of NYSE:MFA opened at $9.41 on Friday. The business has a fifty day moving average of $9.71 and a two-hundred day moving average of $9.75. The stock has a market cap of $955.85 million, a P/E ratio of 10.81 and a beta of 1.43. MFA Financial has a 52-week low of $8.78 and a 52-week high of $10.56.

MFA Financial (NYSE:MFA) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $43.31 million during the quarter, compared to analysts’ expectations of $67.52 million. MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. During the same quarter in the previous year, the company earned $0.29 earnings per share.

Hedge Funds Weigh In On MFA Financial

Hedge funds have recently modified their holdings of the business. Quarry LP purchased a new position in shares of MFA Financial during the 3rd quarter worth $27,000. Headlands Technologies LLC grew its holdings in shares of MFA Financial by 62.3% during the 2nd quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,149 shares during the period. Optiver Holding B.V. purchased a new position in shares of MFA Financial during the 1st quarter worth $29,000. GAMMA Investing LLC grew its holdings in shares of MFA Financial by 86.1% during the 4th quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 2,096 shares during the period. Finally, US Bancorp DE grew its holdings in shares of MFA Financial by 540.5% during the 3rd quarter. US Bancorp DE now owns 5,925 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,000 shares during the period. 65.28% of the stock is currently owned by hedge funds and other institutional investors.

About MFA Financial

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.