EMG Holdings L.P. Has $6.12 Million Holdings in MFA Financial, Inc. $MFA

EMG Holdings L.P. reduced its holdings in MFA Financial, Inc. (NYSE:MFA) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 638,478 shares of the real estate investment trust’s stock after selling 81,000 shares during the period. MFA Financial makes up about 1.5% of EMG Holdings L.P.’s investment portfolio, making the stock its 4th biggest position. EMG Holdings L.P.’s holdings in MFA Financial were worth $6,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MFA. Balyasny Asset Management L.P. grew its holdings in MFA Financial by 53.1% during the 2nd 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 acquiring an additional 977,820 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of MFA Financial by 9.2% in the 4th quarter. Wolverine Asset Management LLC now owns 1,653,062 shares of the real estate investment trust’s stock valued at $15,390,000 after purchasing an additional 139,559 shares during the period. Invesco Ltd. lifted its stake in shares of MFA Financial by 9.2% in 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 purchasing an additional 139,156 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MFA Financial by 6.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,286,163 shares of the real estate investment trust’s stock worth $11,820,000 after purchasing an additional 80,900 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of MFA Financial by 22.1% in the 4th quarter. Van ECK Associates Corp now owns 1,145,944 shares of the real estate investment trust’s stock worth $10,669,000 after purchasing an additional 207,067 shares during the last quarter. 65.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MFA has been the subject of a number of analyst reports. Citizens Jmp lifted their price objective on MFA Financial from $11.00 to $11.50 and gave the stock a “market outperform” rating in a research note on Monday, May 4th. Weiss Ratings cut MFA Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Royal Bank Of Canada decreased their target price on MFA Financial from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Wednesday, June 3rd. Citigroup reaffirmed an “outperform” rating on shares of MFA Financial in a research note on Monday, May 4th. Finally, BTIG Research raised shares of MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MFA Financial has a consensus rating of “Hold” and a consensus target price of $10.45.

MFA Financial Stock Up 0.1%

Shares of NYSE:MFA opened at $9.18 on Friday. MFA Financial, Inc. has a 12 month low of $8.78 and a 12 month high of $10.56. The company’s fifty day simple moving average is $9.41 and its 200 day simple moving average is $9.71. The firm has a market cap of $932.69 million, a price-to-earnings ratio of 10.55 and a beta of 1.41.

MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $43.30 million during the quarter, compared to the consensus estimate of $67.52 million. MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. During the same period in the prior year, the firm posted $0.29 earnings per share.

MFA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 15.7%. The ex-dividend date of this dividend is Tuesday, June 30th. MFA Financial’s dividend payout ratio is currently 165.52%.

MFA Financial 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.