Wolverine Asset Management LLC Buys 139,559 Shares of MFA Financial, Inc. $MFA

Wolverine Asset Management LLC raised its stake in MFA Financial, Inc. (NYSE:MFA) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,653,062 shares of the real estate investment trust’s stock after purchasing an additional 139,559 shares during the quarter. Wolverine Asset Management LLC’s holdings in MFA Financial were worth $15,390,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in MFA Financial in the third quarter valued at approximately $27,000. Headlands Technologies LLC grew its stake in MFA Financial by 62.3% in the second quarter. Headlands Technologies LLC now owns 2,992 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,149 shares in the last quarter. GAMMA Investing LLC grew its stake in MFA Financial by 86.1% in the fourth quarter. GAMMA Investing LLC now owns 4,530 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 2,096 shares in the last quarter. US Bancorp DE grew its stake in MFA Financial by 540.5% in the third quarter. US Bancorp DE now owns 5,925 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in MFA Financial by 23.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,340 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,417 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MFA shares. Keefe, Bruyette & Woods raised their price target on MFA Financial from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on MFA Financial from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of MFA Financial in a research note on Wednesday, April 15th. Finally, Citigroup reiterated an “outperform” rating on shares of MFA Financial in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.81.

MFA Financial Trading Up 0.0%

Shares of NYSE MFA opened at $10.40 on Monday. MFA Financial, Inc. has a 12 month low of $8.78 and a 12 month high of $10.56. The stock has a 50 day moving average of $9.98 and a 200-day moving average of $9.68. The company has a market capitalization of $1.06 billion, a P/E ratio of 8.06 and a beta of 1.47.

MFA Financial (NYSE:MFA) last issued its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.The company had revenue of $88.72 million during the quarter, compared to the consensus estimate of $60.56 million. During the same period in the previous year, the company posted $0.39 EPS.

MFA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were paid a $0.36 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.44 annualized dividend and a yield of 13.9%. MFA Financial’s payout ratio is 111.63%.

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.