Teachers Retirement System of The State of Kentucky increased its position in MFA Financial, Inc. (NYSE:MFA ) by 24.9% during the fourth quarter, Holdings Channel reports. The fund owned 115,748 shares of the company’s stock after buying an additional 23,098 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in MFA Financial were worth $883,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in MFA Financial during the fourth quarter valued at approximately $102,000. Hollow Brook Wealth Management LLC acquired a new position in MFA Financial during the third quarter valued at approximately $103,000. World Asset Management Inc acquired a new position in MFA Financial during the third quarter valued at approximately $110,000. Ffcm LLC acquired a new position in MFA Financial during the fourth quarter valued at approximately $117,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in MFA Financial during the fourth quarter valued at approximately $129,000. 84.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MFA Financial, Inc. (NYSE:MFA ) opened at 8.08 on Tuesday. MFA Financial, Inc. has a 52-week low of $6.54 and a 52-week high of $8.14. The stock has a 50 day moving average of $8.00 and a 200 day moving average of $7.69. The stock has a market capitalization of $3.01 billion, a PE ratio of 10.13 and a beta of 0.60.
MFA Financial (NYSE:MFA ) last announced its quarterly earnings results on Thursday, February 16th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. MFA Financial had a return on equity of 10.62% and a net margin of 65.46%. The business earned $62.66 million during the quarter, compared to the consensus estimate of $69.79 million. During the same quarter in the prior year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Analysts forecast that MFA Financial, Inc. will post $0.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Monday, March 27th. MFA Financial’s dividend payout ratio (DPR) is 101.27%.
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Several brokerages have weighed in on MFA . Zacks Investment Research cut shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Friday, February 24th. Royal Bank of Canada reissued a “buy” rating on shares of MFA Financial in a research report on Thursday, February 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.82.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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