Inspire Investing LLC Acquires 8,041 Shares of MFA Financial, Inc. $MFA

Inspire Investing LLC raised its position in MFA Financial, Inc. (NYSE:MFA – Free Report) by 24.1% during the second quarter, Holdings Channel reports. The institutional investor owned 41,464 shares of the real estate investment trust’s stock after buying an additional 8,041 shares during the quarter. Inspire Investing LLC’s holdings in MFA Financial were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MFA. QRG Capital Management Inc. boosted its position in MFA Financial by 6.2% in the 1st quarter. QRG Capital Management Inc. now owns 35,771 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 2,092 shares during the last quarter. Golden State Wealth Management LLC bought a new position in MFA Financial in the 1st quarter valued at $25,000. Sequoia Financial Advisors LLC bought a new position in MFA Financial in the 1st quarter valued at $589,000. Motiv8 Investments LLC boosted its position in MFA Financial by 18.9% in the 1st quarter. Motiv8 Investments LLC now owns 14,433 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 2,290 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in MFA Financial by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 507,580 shares of the real estate investment trust’s stock valued at $5,208,000 after buying an additional 27,890 shares during the last quarter. 65.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on MFA shares. Weiss Ratings lowered MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. JMP Securities cut their price target on MFA Financial from $12.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 17th. Jones Trading reissued a “hold” rating on shares of MFA Financial in a research note on Monday, August 11th. Keefe, Bruyette & Woods downgraded MFA Financial from an “outperform” rating to a “market perform” rating and cut their price target for the company from $12.00 to $10.00 in a research note on Thursday, July 10th. Finally, UBS Group reissued a “buy” rating on shares of MFA Financial in a research note on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.75.

Read Our Latest Stock Analysis on MFA Financial

MFA Financial Trading Up 0.3%

Shares of MFA Financial stock opened at $9.14 on Tuesday. The company has a market capitalization of $937.89 million, a PE ratio of 10.50 and a beta of 1.70. MFA Financial, Inc. has a 12 month low of $7.85 and a 12 month high of $12.78. The stock’s fifty day simple moving average is $9.71 and its 200 day simple moving average is $9.53.

MFA Financial (NYSE:MFA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). MFA Financial had a return on equity of 8.61% and a net margin of 17.62%.The business had revenue of $61.28 million for the quarter, compared to analyst estimates of $59.50 million. During the same period in the previous year, the business posted $0.32 EPS. Analysts predict that MFA Financial, Inc. will post 1.5 EPS for the current fiscal year.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 15.8%. MFA Financial’s dividend payout ratio (DPR) is presently 165.52%.

About MFA Financial

(Free Report)

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.

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