Crawford Investment Counsel Inc. increased its holdings in shares of MFA FINL INC/SH (NYSE:MFA) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,020 shares of the real estate investment trust’s stock after buying an additional 6,590 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in MFA FINL INC/SH were worth $2,668,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in MFA FINL INC/SH by 8.5% during the fourth quarter. FMR LLC now owns 41,512,783 shares of the real estate investment trust’s stock worth $277,305,000 after purchasing an additional 3,243,649 shares during the period. Thornburg Investment Management Inc. grew its holdings in MFA FINL INC/SH by 2.2% during the fourth quarter. Thornburg Investment Management Inc. now owns 35,009,478 shares of the real estate investment trust’s stock worth $233,863,000 after purchasing an additional 762,600 shares during the period. BlackRock Inc. grew its holdings in MFA FINL INC/SH by 4.1% during the fourth quarter. BlackRock Inc. now owns 28,837,121 shares of the real estate investment trust’s stock worth $192,630,000 after purchasing an additional 1,124,632 shares during the period. Jennison Associates LLC grew its holdings in MFA FINL INC/SH by 6.3% during the fourth quarter. Jennison Associates LLC now owns 14,153,516 shares of the real estate investment trust’s stock worth $94,545,000 after purchasing an additional 833,027 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in MFA FINL INC/SH by 8.5% during the first quarter. Wedge Capital Management L L P NC now owns 7,720,056 shares of the real estate investment trust’s stock worth $56,125,000 after purchasing an additional 603,387 shares during the period. 80.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of MFA stock opened at $7.34 on Monday. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 10.79 and a beta of 0.51. MFA FINL INC/SH has a 12-month low of $6.40 and a 12-month high of $8.15.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $61.93 million for the quarter, compared to analyst estimates of $60.20 million. MFA FINL INC/SH had a return on equity of 8.83% and a net margin of 62.34%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. Sell-side analysts anticipate that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.80 annualized dividend and a yield of 10.90%. MFA FINL INC/SH’s dividend payout ratio (DPR) is presently 117.65%.
A number of equities analysts recently commented on MFA shares. Zacks Investment Research upgraded MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Friday, March 8th. JMP Securities cut MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 7th. Finally, 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 report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. MFA FINL INC/SH presently has an average rating of “Hold” and an average price target of $7.94.
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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