MFA Financial, Inc. (NYSE:MFA) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in MFA Financial, Inc. (NYSE:MFA) by 37.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,744 shares of the real estate investment trust’s stock after selling 14,732 shares during the quarter. Advisors Asset Management Inc.’s holdings in MFA Financial were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new stake in MFA Financial during the third quarter valued at $2,509,000. Quest Partners LLC bought a new stake in shares of MFA Financial during the 3rd quarter valued at about $189,000. Vaughan Nelson Investment Management L.P. grew its position in shares of MFA Financial by 35.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust’s stock valued at $58,297,000 after buying an additional 1,197,220 shares during the last quarter. Natixis Advisors LLC raised its stake in MFA Financial by 38.7% during the third quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust’s stock worth $11,425,000 after acquiring an additional 250,535 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in MFA Financial by 14.6% in the third quarter. Victory Capital Management Inc. now owns 112,520 shares of the real estate investment trust’s stock valued at $1,431,000 after acquiring an additional 14,333 shares during the period. 65.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

MFA Financial Stock Up 0.3 %

Shares of MFA opened at $11.15 on Friday. The firm has a 50-day moving average price of $12.00 and a 200 day moving average price of $11.56. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.01 and a beta of 2.16. MFA Financial, Inc. has a 52-week low of $10.20 and a 52-week high of $13.45.

MFA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, September 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.56%. MFA Financial’s dividend payout ratio is presently 88.05%.

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.