MFA Financial Inc. (MFA ) Short Interest Up 39.9% in September
MFA Financial Inc. (NYSE:MFA ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 11,067,102 shares, a growth of 39.9% from the September 15th total of 7,911,946 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,964,454 shares, the short-interest ratio is presently 5.6 days.
MFA has been the subject of a number of analyst reports. Zacks Investment Research upgraded MFA Financial from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Tuesday, September 20th. Deutsche Bank AG set a $7.50 price objective on shares of MFA Financial and gave the company a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reissued a “hold” rating and set a $7.50 price objective on shares of MFA Financial in a report on Sunday, September 11th. Finally, FBR & Co downgraded shares of MFA Financial from an “outperform” rating to a “market perform” rating and set a $7.50 price objective for the company. in a report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.60.
MFA Financial (NYSE:MFA ) opened at 7.21 on Monday. The company has a 50 day moving average of $7.49 and a 200-day moving average of $7.29. MFA Financial has a one year low of $5.61 and a one year high of $7.86. The company has a market cap of $2.68 billion, a P/E ratio of 9.15 and a beta of 0.49.
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MFA Financial (NYSE:MFA ) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. MFA Financial had a net margin of 63.80% and a return on equity of 10.48%. The company earned $66.80 million during the quarter, compared to analysts’ expectations of $74.09 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities analysts expect that MFA Financial will post $0.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, September 28th will be issued a $0.20 dividend. The ex-dividend date is Monday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 11.10%. MFA Financial’s payout ratio is 101.27%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MFA. Vanguard Group Inc. boosted its position in MFA Financial by 3.3% in the second quarter. Vanguard Group Inc. now owns 26,206,949 shares of the company’s stock worth $190,525,000 after buying an additional 840,708 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in MFA Financial by 73.7% in the first quarter. Goldman Sachs Group Inc. now owns 13,206,135 shares of the company’s stock worth $90,462,000 after buying an additional 5,603,221 shares during the last quarter. BlackRock Fund Advisors boosted its position in MFA Financial by 20.6% in the second quarter. BlackRock Fund Advisors now owns 12,414,534 shares of the company’s stock worth $90,254,000 after buying an additional 2,122,930 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in MFA Financial by 2.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,776,746 shares of the company’s stock worth $63,807,000 after buying an additional 199,312 shares during the last quarter. Finally, State Street Corp boosted its position in MFA Financial by 0.6% in the first quarter. State Street Corp now owns 6,160,701 shares of the company’s stock worth $42,201,000 after buying an additional 36,873 shares during the last quarter. 84.68% of the stock is owned by institutional investors.
About MFA Financial
MFA Financial, Inc is a real estate investment trust (REIT). The Company operates as a holding company and conducts its real estate finance businesses through its subsidiaries. The Company’s segment is investing in residential mortgage assets. It invests in residential mortgage assets, including Agency mortgage backed securities (MBS), Non-Agency MBS, residential whole loans and CRT securities.
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