EMG Holdings L.P. Has $9.76 Million Stock Position in MFA Financial, Inc. $MFA

EMG Holdings L.P. grew its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 8.4% during the third quarter, Holdings Channel.com reports. The firm owned 1,062,035 shares of the real estate investment trust’s stock after buying an additional 82,066 shares during the quarter. MFA Financial accounts for approximately 3.7% of EMG Holdings L.P.’s portfolio, making the stock its 4th biggest position. EMG Holdings L.P.’s holdings in MFA Financial were worth $9,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Balyasny Asset Management L.P. lifted its holdings in MFA Financial by 53.1% in the second quarter. Balyasny Asset Management L.P. now owns 2,820,393 shares of the real estate investment trust’s stock worth $26,681,000 after purchasing an additional 977,820 shares during the period. Geode Capital Management LLC increased its stake in MFA Financial by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,489,686 shares of the real estate investment trust’s stock valued at $23,555,000 after buying an additional 54,944 shares during the period. Invesco Ltd. increased its stake in MFA Financial by 9.2% during the 2nd quarter. Invesco Ltd. now owns 1,647,612 shares of the real estate investment trust’s stock valued at $15,586,000 after buying an additional 139,156 shares during the period. Wolverine Asset Management LLC raised its position in shares of MFA Financial by 57.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,513,503 shares of the real estate investment trust’s stock worth $13,909,000 after buying an additional 552,517 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of MFA Financial by 440.1% during the 3rd quarter. Citigroup Inc. now owns 1,345,561 shares of the real estate investment trust’s stock worth $12,366,000 after buying an additional 1,096,443 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Price Performance

Shares of MFA opened at $9.83 on Friday. The firm’s 50 day moving average is $9.90 and its 200-day moving average is $9.64. MFA Financial, Inc. has a 12-month low of $7.85 and a 12-month high of $11.08. The stock has a market capitalization of $1.00 billion, a P/E ratio of 7.62 and a beta of 1.57.

MFA Financial (NYSE:MFA) last released its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $88.72 million during the quarter, compared to analyst estimates of $60.56 million. MFA Financial had a net margin of 23.73% and a return on equity of 6.67%. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts forecast that MFA Financial, Inc. will post 1.5 EPS for the current fiscal year.

MFA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Tuesday, March 31st. MFA Financial’s dividend payout ratio is 111.63%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 16th. UBS Group cut their target price on MFA Financial from $10.50 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada increased their price target on MFA Financial from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. Finally, Keefe, Bruyette & Woods lifted their price target on MFA Financial from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.81.

MFA Financial Company Profile

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.