Geode Capital Management LLC Grows Holdings in MFA Financial, Inc. (NYSE:MFA)

Geode Capital Management LLC raised its position in shares of MFA Financial, Inc. (NYSE:MFA) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,407,455 shares of the real estate investment trust’s stock after purchasing an additional 21,331 shares during the quarter. Geode Capital Management LLC owned 2.36% of MFA Financial worth $30,629,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MFA. Capital Square LLC raised its stake in MFA Financial by 2.8% during the 2nd quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,139 shares during the period. Zacks Investment Management raised its position in shares of MFA Financial by 12.7% during the third quarter. Zacks Investment Management now owns 11,377 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,281 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of MFA Financial by 5.7% in the second quarter. Inspire Investing LLC now owns 33,284 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,792 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of MFA Financial during the third quarter worth $25,000. Finally, The Manufacturers Life Insurance Company grew its stake in MFA Financial by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 52,660 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 2,423 shares in the last quarter. 65.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. JMP Securities raised their price target on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Friday, September 6th. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Raymond James raised their target price on shares of MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, September 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MFA Financial has an average rating of “Moderate Buy” and a consensus price target of $14.00.

MFA Financial Stock Performance

NYSE:MFA opened at $10.52 on Friday. The stock’s fifty day moving average is $11.35 and its 200 day moving average is $11.58. The firm has a market capitalization of $1.07 billion, a PE ratio of 6.62 and a beta of 2.12. MFA Financial, Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $13.45.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.31%. MFA Financial’s dividend payout ratio is presently 88.05%.

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.