Point72 Asset Management L.P. Has $231,000 Holdings in MFA FINL INC/SH (NYSE:MFA)

Point72 Asset Management L.P. grew its position in MFA FINL INC/SH (NYSE:MFA) by 97.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,400 shares of the real estate investment trust’s stock after acquiring an additional 15,500 shares during the period. Point72 Asset Management L.P.’s holdings in MFA FINL INC/SH were worth $231,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of MFA FINL INC/SH by 1.3% during the second quarter. BlackRock Inc. now owns 29,615,750 shares of the real estate investment trust’s stock valued at $212,641,000 after purchasing an additional 377,366 shares in the last quarter. Jennison Associates LLC boosted its position in MFA FINL INC/SH by 0.5% during the 2nd quarter. Jennison Associates LLC now owns 14,053,608 shares of the real estate investment trust’s stock worth $100,905,000 after buying an additional 63,926 shares during the period. Wells Fargo & Company MN boosted its position in MFA FINL INC/SH by 13.9% during the 2nd quarter. Wells Fargo & Company MN now owns 8,219,606 shares of the real estate investment trust’s stock worth $59,016,000 after buying an additional 1,005,961 shares during the period. Wedge Capital Management L L P NC grew its holdings in MFA FINL INC/SH by 4.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,764,413 shares of the real estate investment trust’s stock worth $57,146,000 after acquiring an additional 348,656 shares during the last quarter. Finally, LSV Asset Management grew its holdings in MFA FINL INC/SH by 19.9% during the 2nd quarter. LSV Asset Management now owns 7,499,843 shares of the real estate investment trust’s stock worth $53,848,000 after acquiring an additional 1,242,900 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors.

In other news, Director Robin Josephs sold 24,805 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $7.66, for a total value of $190,006.30. Also, VP Bryan Wulfsohn sold 67,700 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $7.71, for a total transaction of $521,967.00. Following the completion of the transaction, the vice president now owns 139,849 shares in the company, valued at approximately $1,078,235.79. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Several equities analysts have issued reports on the stock. Royal Bank of Canada started coverage on shares of MFA FINL INC/SH in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $8.00 price target for the company. Zacks Investment Research upgraded shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Tuesday, November 12th. ValuEngine raised shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Wedbush initiated coverage on MFA FINL INC/SH in a report on Wednesday, October 9th. They issued an “outperform” rating and a $8.25 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.10.

Shares of MFA stock opened at $7.66 on Friday. MFA FINL INC/SH has a 1-year low of $6.40 and a 1-year high of $7.75. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 11.26 and a beta of 0.51. The stock has a 50-day moving average of $7.63 and a 200-day moving average of $7.36.

MFA FINL INC/SH (NYSE:MFA) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. MFA FINL INC/SH had a return on equity of 9.68% and a net margin of 60.28%. The company had revenue of $56.90 million for the quarter, compared to analyst estimates of $66.90 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that MFA FINL INC/SH will post 0.77 earnings per share for the current year.

MFA FINL INC/SH Profile

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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Institutional Ownership by Quarter for MFA FINL INC/SH (NYSE:MFA)

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