Waterfall Asset Management LLC Invests $1.15 Million in MFA Financial, Inc. (NYSE:MFA)

Waterfall Asset Management LLC acquired a new stake in MFA Financial, Inc. (NYSE:MFA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 108,100 shares of the real estate investment trust’s stock, valued at approximately $1,150,000. MFA Financial comprises about 0.6% of Waterfall Asset Management LLC’s holdings, making the stock its 17th largest position. Waterfall Asset Management LLC owned approximately 0.11% of MFA Financial as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new stake in shares of MFA Financial in the 4th quarter worth $25,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,203 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in MFA Financial in the 1st quarter valued at approximately $34,000. Quent Capital LLC increased its position in MFA Financial by 17.7% during the 1st quarter. Quent Capital LLC now owns 10,031 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,509 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of MFA Financial in the 1st quarter valued at approximately $128,000. 65.28% of the stock is owned by institutional investors and hedge funds.

MFA Financial Stock Up 0.9 %

Shares of NYSE:MFA opened at $12.53 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of -156.61 and a beta of 2.16. MFA Financial, Inc. has a 52-week low of $8.41 and a 52-week high of $13.45. The stock’s fifty day simple moving average is $12.01 and its 200-day simple moving average is $11.28.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, September 27th. This represents a $1.40 annualized dividend and a dividend yield of 11.17%. MFA Financial’s dividend payout ratio is currently -1,749.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JMP Securities upped their target price on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Friday, September 6th. Wedbush lifted their price target on MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods boosted their price objective on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Raymond James raised their target price on shares of MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, MFA Financial has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.