Inspire Investing LLC Boosts Holdings in MFA Financial, Inc. (NYSE:MFA)

Inspire Investing LLC raised its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,284 shares of the real estate investment trust’s stock after purchasing an additional 1,792 shares during the period. Inspire Investing LLC’s holdings in MFA Financial were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in MFA Financial during the 4th quarter valued at about $25,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of MFA Financial by 82.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,203 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of MFA Financial during the first quarter valued at about $34,000. Quent Capital LLC boosted its stake 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 worth $114,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in MFA Financial during the 1st quarter worth approximately $128,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.

Wall Street Analyst Weigh In

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

MFA Financial Stock Performance

NYSE MFA opened at $13.01 on Monday. MFA Financial, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $13.45. The firm has a market capitalization of $1.33 billion, a P/E ratio of -162.63 and a beta of 2.16. The stock has a 50-day simple moving average of $11.88 and a two-hundred day simple moving average of $11.23.

MFA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date is Friday, September 27th. MFA Financial’s payout ratio is presently -1,750.00%.

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.