JPMorgan Chase & Co. Purchases 23,852 Shares of MFA Financial, Inc. (NYSE:MFA)

JPMorgan Chase & Co. raised its position in MFA Financial, Inc. (NYSE:MFA) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,081,225 shares of the real estate investment trust’s stock after purchasing an additional 23,852 shares during the period. JPMorgan Chase & Co. owned approximately 1.06% of MFA Financial worth $13,753,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of MFA Financial by 1.0% during the 3rd quarter. Wellington Management Group LLP now owns 11,005,138 shares of the real estate investment trust’s stock valued at $139,985,000 after purchasing an additional 111,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in MFA Financial by 35.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,583,087 shares of the real estate investment trust’s stock valued at $58,297,000 after buying an additional 1,197,220 shares in the last quarter. State Street Corp lifted its stake in MFA Financial by 6.2% in the third quarter. State Street Corp now owns 2,579,818 shares of the real estate investment trust’s stock valued at $33,700,000 after buying an additional 151,321 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MFA Financial by 0.9% in the third quarter. Geode Capital Management LLC now owns 2,407,455 shares of the real estate investment trust’s stock valued at $30,629,000 after buying an additional 21,331 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MFA Financial by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,835,409 shares of the real estate investment trust’s stock worth $23,346,000 after acquiring an additional 12,071 shares in the last quarter. Institutional investors own 65.28% of the company’s stock.

Analysts Set New Price Targets

MFA has been the topic of several research reports. Raymond James boosted their price objective on shares of MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a research report on Thursday, September 19th. StockNews.com lowered MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Janney Montgomery Scott assumed coverage on MFA Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $14.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and issued a $15.00 target price on shares of MFA Financial in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.

MFA Financial Price Performance

MFA Financial stock opened at $9.55 on Friday. The company has a market cap of $974.89 million, a price-to-earnings ratio of 6.01 and a beta of 2.11. The firm has a 50-day moving average of $10.82 and a 200-day moving average of $11.52. MFA Financial, Inc. has a one year low of $9.51 and a one year high of $13.45.

MFA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.40 annualized dividend and a yield of 14.66%. MFA Financial’s dividend payout ratio (DPR) 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.