Royal Bank Of Canada reaffirmed their buy rating on shares of MFA Financial, Inc. (NYSE:MFA) in a research report released on Tuesday, November 7th. They currently have a $9.00 price target on the real estate investment trust’s stock.
Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of MFA Financial from a hold rating to a sell rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a hold rating and set a $8.50 price target on shares of MFA Financial in a research report on Friday, August 4th. Finally, BidaskClub cut shares of MFA Financial from a strong-buy rating to a buy rating in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $9.08.
Shares of MFA Financial (MFA) traded down $0.05 during trading hours on Tuesday, hitting $8.14. The stock had a trading volume of 472,225 shares, compared to its average volume of 2,818,359. MFA Financial has a 12 month low of $7.53 and a 12 month high of $8.90. The company has a market capitalization of $3,231.12, a PE ratio of 11.15 and a beta of 0.68.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Thursday, September 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 9.83%. MFA Financial’s payout ratio is currently 109.59%.
In related news, insider Ronald A. Freydberg bought 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $7.78 per share, with a total value of $155,600.00. Following the completion of the transaction, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC purchased a new position in shares of MFA Financial during the second quarter worth approximately $291,000. Public Employees Retirement Association of Colorado lifted its position in MFA Financial by 5.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 678 shares in the last quarter. Franklin Resources Inc. acquired a new position in MFA Financial during the 2nd quarter worth approximately $116,000. World Asset Management Inc lifted its position in MFA Financial by 7.9% during the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Ffcm LLC lifted its position in MFA Financial by 144.2% during the 2nd quarter. Ffcm LLC now owns 15,133 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 8,936 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.
About MFA Financial
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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