Swiss National Bank cut its position in MFA Financial, Inc. (NYSE:MFA) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 896,800 shares of the real estate investment trust’s stock after selling 139,000 shares during the quarter. Swiss National Bank owned 0.20% of MFA Financial worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Certified Advisory Corp acquired a new stake in shares of MFA Financial in the first quarter valued at $25,000. Eaton Vance Management purchased a new position in MFA Financial in the first quarter valued at $27,000. Catalyst Capital Advisors LLC boosted its holdings in MFA Financial by 49.3% in the first quarter. Catalyst Capital Advisors LLC now owns 8,450 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,790 shares during the period. Profund Advisors LLC purchased a new position in MFA Financial in the first quarter valued at $56,000. Finally, Tudor Investment Corp Et Al purchased a new position in MFA Financial in the first quarter valued at $61,000. 60.63% of the stock is owned by institutional investors and hedge funds.
MFA Financial stock opened at $4.60 on Tuesday. MFA Financial, Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $4.90. The company has a market capitalization of $2.03 billion, a P/E ratio of 8.36 and a beta of 1.74. The stock has a 50-day simple moving average of $4.65 and a 200-day simple moving average of $4.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Stockholders of record on Thursday, September 30th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Wednesday, September 29th. MFA Financial’s payout ratio is currently 80.00%.
A number of research firms recently issued reports on MFA. TheStreet lowered MFA Financial from a “b-” rating to a “c” rating in a report on Thursday, August 5th. Zacks Investment Research raised MFA Financial from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Thursday, August 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, MFA Financial has an average rating of “Buy” and a consensus target price of $4.69.
MFA Financial Company Profile
MFA Financial, Inc operates as a real estate investment trust, which engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, non-agency mortgage-backed securities, and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.
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