Corient Private Wealth LP Makes New Investment in MFA Financial, Inc. $MFA

Corient Private Wealth LP purchased a new position in MFA Financial, Inc. (NYSE:MFA) during the second quarter, HoldingsChannel.com reports. The fund purchased 158,274 shares of the real estate investment trust’s stock, valued at approximately $1,539,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP acquired a new stake in MFA Financial during the third quarter worth about $27,000. Headlands Technologies LLC lifted its holdings 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 worth $28,000 after acquiring an additional 1,149 shares during the last quarter. Optiver Holding B.V. acquired a new position in MFA Financial in the first quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in MFA Financial in the second quarter valued at approximately $39,000. Finally, US Bancorp DE grew its holdings in shares of MFA Financial by 540.5% during 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 during the last quarter. 65.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MFA shares. Citigroup reiterated a “market outperform” rating on shares of MFA Financial in a research report on Tuesday, August 4th. Citizens Jmp reduced their price objective on MFA Financial from $11.50 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings upgraded MFA Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of MFA Financial in a research report on Thursday, August 20th. Finally, BTIG Research upgraded MFA Financial from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a research note on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.46.

MFA Financial Stock Up 0.7%

MFA Financial stock opened at $8.88 on Friday. MFA Financial, Inc. has a 52-week low of $8.63 and a 52-week high of $10.56. The firm has a market capitalization of $897.68 million, a price-to-earnings ratio of 8.88 and a beta of 1.41. The firm has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $9.57.

MFA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.2%. The ex-dividend date of this dividend was Tuesday, June 30th. MFA Financial’s payout ratio is 144.00%.

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.