Utah Retirement Systems lifted its holdings in MFA FINL INC/SH (NYSE:MFA) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,853 shares of the real estate investment trust’s stock after purchasing an additional 9,400 shares during the period. Utah Retirement Systems’ holdings in MFA FINL INC/SH were worth $609,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Moody Aldrich Partners LLC bought a new position in shares of MFA FINL INC/SH in the second quarter worth about $65,415,000. Fiduciary Financial Services of The Southwest Inc. TX bought a new position in shares of MFA FINL INC/SH in the second quarter worth about $103,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MFA FINL INC/SH in the second quarter worth about $104,000. Qube Research & Technologies Ltd bought a new position in shares of MFA FINL INC/SH in the second quarter worth about $114,000. Finally, First Hawaiian Bank bought a new position in MFA FINL INC/SH during the third quarter valued at about $155,000. Institutional investors and hedge funds own 80.60% of the company’s stock.
In other news, Director Robin Josephs purchased 14,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $7.10 per share, for a total transaction of $99,400.00. Following the completion of the purchase, the director now directly owns 107,991 shares of the company’s stock, valued at approximately $766,736.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.
Shares of MFA opened at $7.16 on Friday. MFA FINL INC/SH has a 12-month low of $6.72 and a 12-month high of $8.29. The stock has a market cap of $3.22 billion, a P/E ratio of 9.06 and a beta of 0.41.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. MFA FINL INC/SH had a return on equity of 10.31% and a net margin of 80.58%. The firm had revenue of $58.55 million for the quarter, compared to analyst estimates of $56.00 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that MFA FINL INC/SH will post 0.73 EPS for the current fiscal year.
MFA has been the topic of several research reports. Zacks Investment Research upgraded MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Raymond James initiated coverage on MFA FINL INC/SH in a research note on Thursday, October 11th. They set a “market perform” rating on the stock. Finally, ValuEngine upgraded MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. MFA FINL INC/SH presently has a consensus rating of “Hold” and a consensus target price of $8.25.
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MFA FINL INC/SH Profile
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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