172,953 Shares in MFA Financial, Inc. $MFA Bought by Ieq Capital LLC

Ieq Capital LLC bought a new stake in MFA Financial, Inc. (NYSE:MFAFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 172,953 shares of the real estate investment trust’s stock, valued at approximately $1,676,000. Ieq Capital LLC owned about 0.17% of MFA Financial as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in MFA Financial during the second quarter worth about $97,000. Virtus Advisers LLC bought a new position in shares of MFA Financial during the 2nd quarter valued at about $56,000. BlackRock Inc. increased its position in shares of MFA Financial by 3.0% during the 2nd quarter. BlackRock Inc. now owns 9,459,988 shares of the real estate investment trust’s stock valued at $91,667,000 after purchasing an additional 271,707 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of MFA Financial by 7.3% during the 2nd quarter. Deutsche Bank AG now owns 103,278 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 7,040 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of MFA Financial during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Price Performance

Shares of MFA stock opened at $8.85 on Wednesday. The business has a 50-day moving average of $9.29 and a 200 day moving average of $9.61. MFA Financial, Inc. has a 1-year low of $8.80 and a 1-year high of $10.56. The stock has a market capitalization of $894.14 million, a PE ratio of 8.85 and a beta of 1.42.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend was Tuesday, June 30th. MFA Financial’s dividend payout ratio is 144.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MFA shares. BTIG Research raised MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research note on Wednesday, June 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $10.00 price target on shares of MFA Financial in a research note on Thursday, August 20th. William Blair set a $11.00 price objective on shares of MFA Financial in a report on Tuesday, August 4th. Citigroup reaffirmed a “market outperform” rating on shares of MFA Financial in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MFA Financial has an average rating of “Moderate Buy” and an average target price of $10.46.

View Our Latest Stock Report on MFA Financial

MFA Financial Company Profile

(Free Report)

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.

Further Reading

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

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