Bessemer Group Inc. decreased its holdings in shares of MFA FINL INC/SH (NYSE:MFA) by 32.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,757,238 shares of the real estate investment trust’s stock after selling 2,316,679 shares during the quarter. Bessemer Group Inc. owned about 1.06% of MFA FINL INC/SH worth $34,157,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in MFA FINL INC/SH by 1.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 101,443 shares of the real estate investment trust’s stock valued at $728,000 after purchasing an additional 1,569 shares during the period. Amalgamated Bank increased its stake in MFA FINL INC/SH by 2.5% in the 4th quarter. Amalgamated Bank now owns 84,748 shares of the real estate investment trust’s stock valued at $566,000 after buying an additional 2,100 shares during the period. Advisor Group Inc. increased its stake in MFA FINL INC/SH by 3.5% in the 4th quarter. Advisor Group Inc. now owns 71,457 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 2,431 shares during the period. Synovus Financial Corp increased its stake in MFA FINL INC/SH by 30.3% in the 1st quarter. Synovus Financial Corp now owns 11,108 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 2,581 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in MFA FINL INC/SH by 8.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,497 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 2,648 shares in the last quarter. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
MFA stock traded down $0.03 during mid-day trading on Tuesday, hitting $7.23. 48,596 shares of the company were exchanged, compared to its average volume of 2,301,878. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 10.63 and a beta of 0.54. The business has a 50 day simple moving average of $7.20. MFA FINL INC/SH has a 1-year low of $6.40 and a 1-year high of $8.15.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 11.07%. MFA FINL INC/SH’s dividend payout ratio (DPR) is currently 117.65%.
Several analysts recently issued reports on the stock. JMP Securities downgraded shares of MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods upgraded shares of MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Thursday, May 16th. Finally, Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.88.
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.
See Also: What is dollar cost averaging (DCA)?
Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFA FINL INC/SH (NYSE:MFA).
Receive News & Ratings for MFA FINL INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA FINL INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.