Rhumbline Advisers Grows Position in MFA Financial, Inc. (NYSE:MFA)

Rhumbline Advisers raised its position in shares of MFA Financial, Inc. (NYSE:MFA) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,755 shares of the real estate investment trust’s stock after buying an additional 2,639 shares during the quarter. Rhumbline Advisers owned about 0.17% of MFA Financial worth $1,827,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MFA. Charles Schwab Investment Management Inc. grew its holdings in MFA Financial by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,729,687 shares of the real estate investment trust’s stock valued at $19,494,000 after buying an additional 51,010 shares in the last quarter. Jump Financial LLC grew its holdings in MFA Financial by 45.1% during the 4th quarter. Jump Financial LLC now owns 36,802 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 11,431 shares in the last quarter. Norges Bank purchased a new position in MFA Financial during the 4th quarter valued at approximately $7,910,000. Clayton Partners LLC purchased a new position in MFA Financial during the 4th quarter valued at approximately $1,071,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of MFA Financial in the 4th quarter valued at approximately $25,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Raymond James raised their price objective on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday. JMP Securities raised their price objective on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Friday, September 6th. StockNews.com raised MFA Financial from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Wedbush raised their price objective on MFA Financial from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods raised their price objective on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.40.

MFA Financial Stock Performance

Shares of MFA stock opened at $13.02 on Friday. MFA Financial, Inc. has a 52-week low of $8.41 and a 52-week high of $13.45. The firm has a market capitalization of $1.33 billion, a P/E ratio of -162.67 and a beta of 2.16. The stock has a 50 day moving average price of $11.88 and a 200 day moving average price of $11.22.

MFA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 10.76%. MFA Financial’s payout ratio is currently -1,749.78%.

MFA Financial Company 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.