Laurion Capital Management LP acquired a new position in MFA FINL INC/SH (NYSE:MFA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 355,768 shares of the real estate investment trust’s stock, valued at approximately $2,615,000. Laurion Capital Management LP owned approximately 0.08% of MFA FINL INC/SH as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MFA. FMR LLC increased its stake in MFA FINL INC/SH by 38.3% in the third quarter. FMR LLC now owns 38,269,134 shares of the real estate investment trust’s stock valued at $281,278,000 after acquiring an additional 10,597,643 shares during the last quarter. Bessemer Group Inc. increased its stake in MFA FINL INC/SH by 67,590.9% in the third quarter. Bessemer Group Inc. now owns 4,068,221 shares of the real estate investment trust’s stock valued at $29,901,000 after acquiring an additional 4,062,211 shares during the last quarter. Jennison Associates LLC increased its stake in MFA FINL INC/SH by 42.3% in the third quarter. Jennison Associates LLC now owns 13,320,489 shares of the real estate investment trust’s stock valued at $97,906,000 after acquiring an additional 3,959,796 shares during the last quarter. BlackRock Inc. increased its stake in MFA FINL INC/SH by 13.5% in the third quarter. BlackRock Inc. now owns 27,712,489 shares of the real estate investment trust’s stock valued at $203,688,000 after acquiring an additional 3,293,234 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in MFA FINL INC/SH by 46.8% in the third quarter. Renaissance Technologies LLC now owns 10,155,287 shares of the real estate investment trust’s stock valued at $74,641,000 after acquiring an additional 3,236,533 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robin Josephs acquired 14,000 shares of MFA FINL INC/SH stock in a transaction dated Thursday, November 8th. The shares were purchased at an average cost of $7.10 per share, with a total value of $99,400.00. Following the completion of the purchase, the director now owns 107,991 shares of the company’s stock, valued at $766,736.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is currently owned by company insiders.
A number of research analysts recently commented on MFA shares. Zacks Investment Research raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Raymond James started coverage on MFA FINL INC/SH in a research note on Thursday, October 11th. They issued a “market perform” rating on the stock. Finally, ValuEngine raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. MFA FINL INC/SH presently has a consensus rating of “Hold” and an average target price of $8.25.
MFA opened at $7.16 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 8.96 and a beta of 0.41. MFA FINL INC/SH has a 52 week low of $6.72 and a 52 week high of $8.29.
MFA FINL INC/SH (NYSE:MFA) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $58.55 million for the quarter, compared to analysts’ expectations of $56.00 million. MFA FINL INC/SH had a return on equity of 10.31% and a net margin of 80.58%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that MFA FINL INC/SH will post 0.73 EPS for the current year.
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MFA FINL INC/SH Company 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.
Further Reading: What is a closed-end mutual fund (CEF)?
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