MFA Financial, Inc. (MFA) Insider Ronald A. Freydberg Buys 20,000 Shares
MFA Financial, Inc. (NYSE:MFA) insider Ronald A. Freydberg bought 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $7.78 per share, with a total value of $155,600.00. Following the transaction, the insider now owns 579,714 shares in the company, valued at approximately $4,510,174.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MFA Financial, Inc. (NYSE MFA) traded down $0.23 during trading hours on Tuesday, hitting $7.76. 3,533,380 shares of the stock were exchanged, compared to its average volume of 1,980,000. The firm has a market cap of $3,140.00, a price-to-earnings ratio of 10.94 and a beta of 0.68. MFA Financial, Inc. has a 12 month low of $7.22 and a 12 month high of $8.90.
MFA Financial (NYSE:MFA) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $55.86 million during the quarter, compared to analyst estimates of $71.13 million. MFA Financial had a return on equity of 9.33% and a net margin of 59.03%. The company’s revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. sell-side analysts expect that MFA Financial, Inc. will post 0.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend was Wednesday, September 27th. MFA Financial’s dividend payout ratio is currently 109.59%.
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Several large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado lifted its stake in shares of MFA Financial by 5.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,407 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 678 shares during the period. Benchmark Capital Advisors lifted its stake in shares of MFA Financial by 0.4% in the 2nd quarter. Benchmark Capital Advisors now owns 248,722 shares of the real estate investment trust’s stock worth $2,087,000 after acquiring an additional 900 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of MFA Financial by 0.3% in the 1st quarter. Nuveen Asset Management LLC now owns 288,258 shares of the real estate investment trust’s stock worth $2,329,000 after acquiring an additional 916 shares during the period. World Asset Management Inc lifted its stake in shares of MFA Financial by 7.9% in the 2nd quarter. World Asset Management Inc now owns 14,304 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 1,049 shares during the period. Finally, Pacad Investment Ltd. lifted its stake in MFA Financial by 1.4% during the second quarter. Pacad Investment Ltd. now owns 78,300 shares of the real estate investment trust’s stock valued at $657,000 after purchasing an additional 1,100 shares during the last quarter. 80.27% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. BidaskClub upgraded shares of MFA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded shares of MFA Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. JMP Securities cut shares of MFA Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.50 target price on shares of MFA Financial in a research report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $9.00 target price on shares of MFA Financial in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. MFA Financial currently has a consensus rating of “Hold” and an average target price of $9.08.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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