Jennison Associates LLC grew its stake in MFA FINL INC/SH (NYSE:MFA) by 0.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,053,608 shares of the real estate investment trust’s stock after purchasing an additional 63,926 shares during the period. Jennison Associates LLC’s holdings in MFA FINL INC/SH were worth $100,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of MFA FINL INC/SH in the first quarter valued at approximately $63,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of MFA FINL INC/SH in the first quarter valued at approximately $66,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of MFA FINL INC/SH in the second quarter valued at approximately $72,000. Synovus Financial Corp grew its position in shares of MFA FINL INC/SH by 30.3% in the first quarter. Synovus Financial Corp now owns 11,108 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,581 shares in the last quarter. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of MFA FINL INC/SH in the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
A number of research firms have recently issued reports on MFA. JMP Securities lowered MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods upgraded 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 report on Thursday, May 16th. Finally, Zacks Investment Research upgraded MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $7.83.
Shares of MFA stock traded down $0.02 during trading hours on Friday, reaching $7.24. The company had a trading volume of 2,849,280 shares, compared to its average volume of 2,330,285. The stock has a fifty day moving average of $7.24 and a 200-day moving average of $7.29. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 10.52 and a beta of 0.54. MFA FINL INC/SH has a 12-month low of $6.40 and a 12-month high of $7.82.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The company 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 firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, analysts anticipate that MFA FINL INC/SH will post 0.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 11.05%. MFA FINL INC/SH’s payout ratio is 117.65%.
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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