Nisa Investment Advisors LLC Sells 4,809 Shares of MFA Financial, Inc. (NYSE:MFA)

Nisa Investment Advisors LLC lowered its position in MFA Financial, Inc. (NYSE:MFA) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,407 shares of the real estate investment trust’s stock after selling 4,809 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MFA Financial were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MFA. Brown Brothers Harriman & Co. bought a new position in MFA Financial in the 3rd quarter valued at $25,000. Future Financial Wealth Managment LLC bought a new position in shares of MFA Financial in the third quarter worth about $38,000. Castleview Partners LLC purchased a new position in MFA Financial in the 3rd quarter worth about $79,000. Zacks Investment Management lifted its holdings in MFA Financial by 12.7% during the 3rd 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 in the last quarter. Finally, Quest Partners LLC purchased a new stake in MFA Financial in the 3rd quarter valued at about $189,000. Institutional investors own 65.28% of the company’s stock.

Wall Street Analyst Weigh In

MFA has been the topic of a number of research reports. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $14.00 target price on the stock. JMP Securities reduced their price objective on MFA Financial from $13.50 to $12.50 and set a “market outperform” rating on the stock in a report on Thursday, January 23rd. StockNews.com cut MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of MFA Financial in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, MFA Financial currently has a consensus rating of “Moderate Buy” and an average target price of $13.80.

MFA Financial Trading Down 1.5 %

Shares of NYSE:MFA opened at $10.12 on Thursday. The company has a market capitalization of $1.03 billion, a PE ratio of 6.36 and a beta of 2.11. MFA Financial, Inc. has a 12-month low of $9.36 and a 12-month high of $13.45. The business’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $11.46.

MFA Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 13.84%. 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.