Cornerstone Wealth Management LLC grew its position in shares of MFA Finl Inc/SH (NYSE:MFA) by 1,533.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,619 shares of the real estate investment trust’s stock after acquiring an additional 180,826 shares during the period. Cornerstone Wealth Management LLC’s holdings in MFA Finl Inc/SH were worth $22,140,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of MFA. Fiduciary Financial Services of The Southwest Inc. TX bought a new position in shares of MFA Finl Inc/SH during the second quarter valued at about $103,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MFA Finl Inc/SH during the second quarter valued at about $104,000. Qube Research & Technologies Ltd bought a new position in shares of MFA Finl Inc/SH during the second quarter valued at about $114,000. First Hawaiian Bank bought a new position in shares of MFA Finl Inc/SH during the third quarter valued at about $155,000. Finally, Alps Advisors Inc. bought a new position in shares of MFA Finl Inc/SH during the second quarter valued at about $199,000. 78.31% of the stock is owned by hedge funds and other institutional investors.
MFA has been the subject of a number of research reports. Zacks Investment Research raised shares of MFA Finl Inc/SH from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Thursday, July 26th. Compass Point set a $8.00 price target on shares of MFA Finl Inc/SH and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. MFA Finl Inc/SH currently has a consensus rating of “Hold” and an average target price of $8.44.
MFA Finl Inc/SH (NYSE:MFA) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). MFA Finl Inc/SH had a return on equity of 9.82% and a net margin of 77.32%. The company had revenue of $49.94 million during the quarter, compared to the consensus estimate of $58.57 million. During the same period in the previous year, the company earned $0.20 earnings per share. MFA Finl Inc/SH’s quarterly revenue was down 18.3% on a year-over-year basis. On average, analysts anticipate that MFA Finl Inc/SH will post 0.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Friday, September 28th. MFA Finl Inc/SH’s payout ratio is currently 101.27%.
About MFA Finl Inc/SH
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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