Prudential Financial Inc. boosted its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 26.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 820,856 shares of the real estate investment trust’s stock after acquiring an additional 171,400 shares during the quarter. Prudential Financial Inc.’s holdings in MFA Financial were worth $6,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Jefferies Group LLC purchased a new stake in MFA Financial during the 4th quarter valued at about $106,000. Two Sigma Securities LLC purchased a new stake in MFA Financial during the 4th quarter valued at about $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in MFA Financial by 48.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,681 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 7,782 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in MFA Financial during the 1st quarter valued at about $195,000. Finally, Alps Advisors Inc. purchased a new stake in MFA Financial during the 4th quarter valued at about $199,000. Institutional investors own 78.44% of the company’s stock.
Get MFA Financial alerts:
MFA Financial opened at $7.78 on Friday, according to MarketBeat Ratings. MFA Financial, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $8.90. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.90 and a beta of 0.33.
MFA Financial (NYSE:MFA) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. MFA Financial had a return on equity of 10.06% and a net margin of 78.04%. The business had revenue of $53.20 million during the quarter, compared to analysts’ expectations of $69.35 million. During the same quarter last year, the business posted $0.20 EPS. sell-side analysts forecast that MFA Financial, Inc. will post 0.82 earnings per share for the current year.
Several equities research analysts have weighed in on MFA shares. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective for the company in a report on Saturday, May 12th. B. Riley set a $8.00 price objective on MFA Financial and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, ValuEngine cut MFA Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.56.
MFA Financial Profile
MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.
Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MFA Financial, Inc. (NYSE:MFA).