MFA Financial, Inc. (NYSE:MFA) Shares Sold by Algert Global LLC

Algert Global LLC reduced its position in MFA Financial, Inc. (NYSE:MFA) by 39.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,903 shares of the real estate investment trust’s stock after selling 63,000 shares during the quarter. Algert Global LLC owned about 0.09% of MFA Financial worth $1,220,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Square LLC grew its holdings in MFA Financial by 2.8% in the 2nd quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,139 shares in the last quarter. Quent Capital LLC grew its holdings in MFA Financial by 17.7% in the 1st quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,508 shares in the last quarter. Inspire Investing LLC grew its holdings in MFA Financial by 5.7% in the 2nd quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,792 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in MFA Financial by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,660 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 2,423 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in MFA Financial by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 171,755 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 2,639 shares in the last quarter. 65.28% of the stock is owned by institutional investors and hedge funds.

MFA Financial Price Performance

Shares of MFA Financial stock opened at $11.15 on Friday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.01 and a beta of 2.16. The business has a 50-day moving average of $12.00 and a 200 day moving average of $11.56. MFA Financial, Inc. has a 12 month low of $10.20 and a 12 month high of $13.45.

MFA Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MFA. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a report on Thursday, November 7th. Raymond James increased their price target on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a report on Thursday, September 19th. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, JMP Securities raised 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

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.