MFA Financial, Inc. (NYSE:MFA) is EMG Holdings L.P.’s 2nd Largest Position

EMG Holdings L.P. decreased its position in MFA Financial, Inc. (NYSE:MFA) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 757,693 shares of the real estate investment trust’s stock after selling 175,918 shares during the period. MFA Financial accounts for 4.0% of EMG Holdings L.P.’s investment portfolio, making the stock its 2nd biggest holding. EMG Holdings L.P. owned 0.74% of MFA Financial worth $8,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new position in shares of MFA Financial during the 4th quarter valued at approximately $25,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,203 shares during the period. Future Financial Wealth Managment LLC bought a new position in MFA Financial in the 1st quarter worth approximately $34,000. Quent Capital LLC boosted 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 worth $114,000 after buying an additional 1,508 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in MFA Financial in the 1st quarter worth approximately $128,000. 65.28% of the stock is owned by institutional investors.

MFA Financial Price Performance

Shares of NYSE:MFA opened at $13.17 on Friday. The firm has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $11.21. MFA Financial, Inc. has a one year low of $8.41 and a one year high of $13.45. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -164.63 and a beta of 2.16.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.63%. The ex-dividend date is Friday, September 27th. MFA Financial’s dividend payout ratio (DPR) is currently -1,750.00%.

Wall Street Analysts Forecast Growth

MFA has been the subject of several analyst reports. JMP Securities raised their price objective 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. Wedbush raised their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. StockNews.com raised shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Raymond James raised their price target on shares of MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.40.

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.