Norges Bank Invests $7.91 Million in MFA Financial, Inc. (NYSE:MFA)

Norges Bank bought a new position in shares of MFA Financial, Inc. (NYSE:MFAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 701,885 shares of the real estate investment trust’s stock, valued at approximately $7,910,000. Norges Bank owned about 0.69% of MFA Financial as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its holdings in shares of MFA Financial by 47.0% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 6,816 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 2,180 shares during the last quarter. EMC Capital Management increased its position in MFA Financial by 436.4% in the third quarter. EMC Capital Management now owns 10,727 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 8,727 shares during the period. Cannell & Co. acquired a new stake in MFA Financial in the fourth quarter worth about $135,000. Xponance Inc. acquired a new stake in MFA Financial in the fourth quarter worth about $152,000. Finally, Principal Financial Group Inc. increased its position in MFA Financial by 39.4% in the third quarter. Principal Financial Group Inc. now owns 15,153 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 4,283 shares during the period. Institutional investors own 65.28% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market outperform” rating and issued a $12.50 price objective on shares of MFA Financial in a research report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Check Out Our Latest Stock Report on MFA

MFA Financial Trading Down 1.3 %

MFA Financial stock opened at $10.62 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -132.67 and a beta of 2.12. MFA Financial, Inc. has a 1 year low of $8.41 and a 1 year high of $11.90. The business has a 50-day moving average of $10.76 and a 200-day moving average of $11.04.

MFA Financial Profile

(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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Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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