Quest Partners LLC Purchases Shares of 14,820 MFA Financial, Inc. (NYSE:MFA)

Quest Partners LLC acquired a new position in MFA Financial, Inc. (NYSE:MFA) during the third quarter, HoldingsChannel.com reports. The fund acquired 14,820 shares of the real estate investment trust’s stock, valued at approximately $189,000.

A number of other institutional investors have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its position in shares of MFA Financial by 35.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust’s stock worth $58,297,000 after purchasing an additional 1,197,220 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of MFA Financial by 38.7% in the third quarter. Natixis Advisors LLC now owns 898,212 shares of the real estate investment trust’s stock worth $11,425,000 after purchasing an additional 250,535 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of MFA Financial by 14.6% in the third quarter. Victory Capital Management Inc. now owns 112,520 shares of the real estate investment trust’s stock worth $1,431,000 after purchasing an additional 14,333 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of MFA Financial in the third quarter worth $79,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of MFA Financial in the third quarter worth $38,000. Institutional investors own 65.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. 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. Wedbush restated an “outperform” rating and set a $15.00 target price on shares of MFA Financial in a report on Thursday, November 7th. StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Raymond James boosted their target price on shares of MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, JMP Securities boosted their target price on shares of MFA Financial from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, MFA Financial has an average rating of “Moderate Buy” and an average price target of $13.60.

MFA Financial Price Performance

NYSE:MFA opened at $11.15 on Thursday. MFA Financial, Inc. has a one year low of $10.20 and a one year high of $13.45. The company has a market cap of $1.14 billion, a P/E ratio of 7.01 and a beta of 2.16. The firm’s fifty day moving average price is $12.04 and its two-hundred day moving average price is $11.57.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were issued a $0.35 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.40 annualized dividend and a dividend yield of 12.56%. MFA Financial’s dividend payout ratio is currently 88.05%.

MFA Financial Profile

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.