10,190 Shares in MFA Financial, Inc. (NYSE:MFA) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in MFA Financial, Inc. (NYSE:MFA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,190 shares of the real estate investment trust’s stock, valued at approximately $104,000.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in 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. boosted its position in MFA Financial by 35.4% in the 3rd 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 during the last quarter. State Street Corp boosted its position in MFA Financial by 6.2% in the 3rd 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of MFA Financial by 0.9% during 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 acquiring an additional 21,331 shares in the last quarter. 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 during the last quarter. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Price Performance

Shares of MFA opened at $10.56 on Thursday. The stock has a market capitalization of $1.08 billion, a PE ratio of 6.64 and a beta of 2.11. The business’s fifty day moving average price is $10.40 and its 200 day moving average price is $11.41. MFA Financial, Inc. has a 12-month low of $9.36 and a 12-month high of $13.45.

MFA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.26%. MFA Financial’s payout ratio is currently 88.05%.

Analyst Upgrades and Downgrades

MFA has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of MFA Financial in a research note on Thursday, November 7th. JMP Securities decreased their price target on shares of MFA Financial from $13.50 to $12.50 and set a “market outperform” rating for the company in a research report on Thursday, January 23rd. Janney Montgomery Scott initiated coverage on shares of MFA Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $14.00 price target on the stock. Finally, StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $13.80.

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.