Honkamp Krueger Financial Services Inc. ADV purchased a new position in shares of MFA Financial, Inc. (NYSE:MFA ) during the fourth quarter, Holdings Channel reports. The firm purchased 25,785 shares of the company’s stock, valued at approximately $197,000.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in MFA Financial by 3.3% in the second quarter. Vanguard Group Inc. now owns 26,206,949 shares of the company’s stock worth $190,525,000 after buying an additional 840,708 shares in the last quarter. BlackRock Fund Advisors raised its position in MFA Financial by 4.6% in the third quarter. BlackRock Fund Advisors now owns 12,985,968 shares of the company’s stock worth $97,135,000 after buying an additional 571,434 shares in the last quarter. Bellwether Investment Group LLC bought a new position in MFA Financial during the second quarter worth approximately $3,750,000. Affinity Investment Advisors LLC bought a new position in MFA Financial during the third quarter worth approximately $3,545,000. Finally, Acadian Asset Management LLC bought a new position in MFA Financial during the third quarter worth approximately $2,851,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
MFA Financial, Inc. (NYSE:MFA ) traded up 0.62% during midday trading on Friday, hitting $8.06. The stock had a trading volume of 1,692,446 shares. The company has a market cap of $2.99 billion, a P/E ratio of 10.13 and a beta of 0.60. MFA Financial, Inc. has a 12 month low of $6.40 and a 12 month high of $8.09. The firm’s 50-day moving average price is $7.86 and its 200 day moving average price is $7.63.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Wednesday, December 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 23rd. This represents a $0.80 annualized dividend and a dividend yield of 9.93%. MFA Financial’s dividend payout ratio (DPR) is presently 101.27%.
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MFA has been the topic of a number of recent analyst reports. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. RBC Capital Markets reiterated a “buy” rating and issued a $8.00 target price on shares of MFA Financial in a report on Friday, January 6th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $8.00 target price on shares of MFA Financial in a report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.71.
About MFA Financial
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
Want to see what other hedge funds are holding MFA ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFA Financial, Inc. (NYSE:MFA ).
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