MFA Financial, Inc. (NYSE:MFA) Shares Sold by Family Asset Management LLC

Family Asset Management LLC reduced its stake in MFA Financial, Inc. (NYSE:MFA) by 2.9% in the third quarter, HoldingsChannel reports. The fund owned 72,028 shares of the real estate investment trust’s stock after selling 2,144 shares during the quarter. Family Asset Management LLC’s holdings in MFA Financial were worth $916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Square LLC raised its position in MFA Financial by 2.8% in the second quarter. Capital Square LLC now owns 41,720 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,139 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,203 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of MFA Financial by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 18,392 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 1,447 shares in the last quarter. Quent Capital LLC lifted its stake in MFA Financial by 17.7% during the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in MFA Financial by 5.7% during 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. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Price Performance

Shares of MFA traded down $0.75 during mid-day trading on Wednesday, reaching $11.57. The company had a trading volume of 659,514 shares, compared to its average volume of 723,987. The company’s 50-day moving average is $12.49 and its 200-day moving average is $11.52. MFA Financial, Inc. has a twelve month low of $9.44 and a twelve month high of $13.45. The company has a market capitalization of $1.18 billion, a P/E ratio of 21.72 and a beta of 2.16.

MFA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, September 27th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.10%. The ex-dividend date was Friday, September 27th. MFA Financial’s dividend payout ratio (DPR) is presently 241.38%.

Analyst Ratings Changes

Several research firms have issued reports on MFA. Raymond James upped their price target on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a report on Thursday, September 19th. Wedbush increased their price target on shares of MFA Financial from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. JMP Securities raised their target price on shares of MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Friday, September 6th. Keefe, Bruyette & Woods lifted their price target on MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.40.

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.