LSV Asset Management Sells 9,100 Shares of MFA Financial, Inc. (NYSE:MFA)

LSV Asset Management lowered its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,975 shares of the real estate investment trust’s stock after selling 9,100 shares during the quarter. LSV Asset Management owned 0.51% of MFA Financial worth $5,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MFA. Carmichael Hill & Associates Inc. boosted its stake in shares of MFA Financial by 93.5% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 4,636 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 2,240 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in MFA Financial in the third quarter worth $51,000. Summit Wealth Group LLC bought a new position in MFA Financial in the 3rd quarter valued at $96,000. EMC Capital Management increased its position in shares of MFA Financial by 436.4% during the 3rd quarter. EMC Capital Management now owns 10,727 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 8,727 shares during the last quarter. Finally, Cannell & Co. purchased a new stake in shares of MFA Financial during the 4th quarter valued at $135,000. 65.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and set a $12.50 price target on shares of MFA Financial in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MFA Financial currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

MFA Financial Price Performance

NYSE:MFA opened at $10.71 on Thursday. MFA Financial, Inc. has a 1 year low of $8.41 and a 1 year high of $11.90. The business has a fifty day simple moving average of $11.00 and a two-hundred day simple moving average of $10.86. The company has a market capitalization of $1.09 billion, a P/E ratio of 26.78 and a beta of 2.10.

MFA Financial (NYSE:MFA) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. The company had revenue of $169.88 million during the quarter, compared to analyst estimates of $43.75 million. MFA Financial had a return on equity of 9.44% and a net margin of 13.24%. During the same quarter last year, the firm posted $0.46 EPS. As a group, analysts anticipate that MFA Financial, Inc. will post 1.47 earnings per share for the current year.

MFA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.07%. The ex-dividend date was Wednesday, March 27th. MFA Financial’s dividend payout ratio (DPR) is presently 350.00%.

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.