Penserra Capital Management LLC Has $1.16 Million Position in MFA Financial, Inc. (NYSE:MFA)

Penserra Capital Management LLC grew its position in MFA Financial, Inc. (NYSE:MFA) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,469 shares of the real estate investment trust’s stock after purchasing an additional 17,050 shares during the period. Penserra Capital Management LLC owned about 0.09% of MFA Financial worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in MFA Financial during the 3rd quarter worth $38,000. Castleview Partners LLC acquired a new stake in shares of MFA Financial during the third quarter worth about $79,000. Quent Capital LLC lifted its holdings in shares of MFA Financial by 17.7% during the 1st quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,508 shares in the last quarter. EMC Capital Management lifted its holdings in shares of MFA Financial by 29.5% during the 1st quarter. EMC Capital Management now owns 13,888 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 3,161 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of MFA Financial in the 3rd quarter valued at approximately $189,000. 65.28% of the stock is owned by institutional investors.

MFA Financial Trading Down 0.7 %

Shares of MFA stock opened at $11.12 on Wednesday. The firm’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $11.57. MFA Financial, Inc. has a 1 year low of $10.20 and a 1 year high of $13.45. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.99 and a beta of 2.16.

MFA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 12.59%. MFA Financial’s payout ratio is presently 88.05%.

Wall Street Analysts Forecast Growth

MFA has been the topic of a number of research reports. JMP Securities lifted their price target on shares of MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Friday, September 6th. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of MFA Financial in a research note on Thursday, November 7th. Raymond James increased their target price on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods boosted their price target on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, StockNews.com downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.