Principal Financial Group Inc. trimmed its position in MFA FINL INC/SH (NYSE:MFA) by 11.6% during the fourth quarter, Holdings Channel reports. The fund owned 41,098 shares of the real estate investment trust’s stock after selling 5,398 shares during the quarter. Principal Financial Group Inc.’s holdings in MFA FINL INC/SH were worth $275,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc boosted its position in MFA FINL INC/SH by 14.1% in the third quarter. Vanguard Group Inc now owns 39,213,862 shares of the real estate investment trust’s stock valued at $288,222,000 after buying an additional 4,858,817 shares in the last quarter. Vanguard Group Inc. boosted its position in MFA FINL INC/SH by 14.1% in the third quarter. Vanguard Group Inc. now owns 39,213,862 shares of the real estate investment trust’s stock valued at $288,222,000 after buying an additional 4,858,817 shares in the last quarter. Bessemer Group Inc. boosted its position in MFA FINL INC/SH by 54.4% in the fourth quarter. Bessemer Group Inc. now owns 6,280,434 shares of the real estate investment trust’s stock valued at $41,953,000 after buying an additional 2,212,213 shares in the last quarter. BlackRock Inc. boosted its position in MFA FINL INC/SH by 4.1% in the fourth quarter. BlackRock Inc. now owns 28,837,121 shares of the real estate investment trust’s stock valued at $192,630,000 after buying an additional 1,124,632 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in MFA FINL INC/SH by 363.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,392,180 shares of the real estate investment trust’s stock valued at $9,300,000 after buying an additional 1,092,097 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of MFA FINL INC/SH from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Friday, January 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.92.
Shares of MFA FINL INC/SH stock opened at $7.48 on Thursday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 10.75 and a beta of 0.50. MFA FINL INC/SH has a fifty-two week low of $6.40 and a fifty-two week high of $8.15.
MFA FINL INC/SH (NYSE:MFA) last issued its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $61.80 million for the quarter, compared to analyst estimates of $64.10 million. MFA FINL INC/SH had a return on equity of 9.00% and a net margin of 66.23%. During the same quarter last year, the firm posted $0.24 EPS. Equities research analysts expect that MFA FINL INC/SH will post 0.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.70%. MFA FINL INC/SH’s dividend payout ratio (DPR) is presently 117.65%.
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About MFA FINL INC/SH
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
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