State Street Corp trimmed its position in shares of MFA FINL INC/SH (NYSE:MFA) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,840,129 shares of the real estate investment trust’s stock after selling 225,369 shares during the period. State Street Corp owned about 1.74% of MFA FINL INC/SH worth $59,253,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of MFA. Capital Investment Advisory Services LLC raised its stake in shares of MFA FINL INC/SH by 72.2% during the second quarter. Capital Investment Advisory Services LLC now owns 3,745 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,570 shares during the last quarter. Howe & Rusling Inc. raised its stake in shares of MFA FINL INC/SH by 158.9% during the third quarter. Howe & Rusling Inc. now owns 5,626 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 3,453 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of MFA FINL INC/SH during the second quarter valued at about $72,000. Checchi Capital Advisers LLC raised its stake in shares of MFA FINL INC/SH by 14.6% during the third quarter. Checchi Capital Advisers LLC now owns 11,465 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Ameritas Investment Corp bought a new position in shares of MFA FINL INC/SH during the second quarter valued at about $86,000. 79.39% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Bryan Wulfsohn sold 67,700 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $7.71, for a total value of $521,967.00. Following the completion of the transaction, the vice president now directly owns 139,849 shares of the company’s stock, valued at $1,078,235.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin Josephs sold 24,805 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $7.66, for a total transaction of $190,006.30. 0.73% of the stock is owned by corporate insiders.
Several brokerages have recently commented on MFA. ValuEngine raised shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Zacks Investment Research raised shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Tuesday, November 12th. Wedbush began coverage on shares of MFA FINL INC/SH in a research note on Wednesday, October 9th. They set an “outperform” rating and a $8.25 price objective for the company. Finally, Royal Bank of Canada began coverage on shares of MFA FINL INC/SH in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $8.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $8.10.
MFA stock opened at $7.72 on Friday. MFA FINL INC/SH has a 1 year low of $6.40 and a 1 year high of $7.75. The company has a market cap of $3.49 billion, a P/E ratio of 11.35 and a beta of 0.51. The firm has a 50-day moving average of $7.64 and a 200 day moving average of $7.37.
MFA FINL INC/SH (NYSE:MFA) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. MFA FINL INC/SH had a net margin of 60.28% and a return on equity of 9.68%. The company had revenue of $56.90 million during the quarter, compared to the consensus estimate of $66.90 million. During the same period in the prior year, the firm earned $0.19 earnings per share. MFA FINL INC/SH’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts anticipate that MFA FINL INC/SH will post 0.77 earnings per share for the current year.
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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