JPMorgan Chase & Co. Has $12.64 Million Position in MFA Financial, Inc. (MFA)

JPMorgan Chase & Co. trimmed its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 21.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,444,534 shares of the real estate investment trust’s stock after selling 387,555 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of MFA Financial worth $12,641,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MFA. Janus Henderson Group PLC acquired a new position in MFA Financial in the second quarter valued at about $47,801,000. BlackRock Inc. raised its stake in MFA Financial by 10.0% in the second quarter. BlackRock Inc. now owns 25,784,592 shares of the real estate investment trust’s stock valued at $216,333,000 after purchasing an additional 2,350,575 shares in the last quarter. Vanguard Group Inc. raised its stake in MFA Financial by 7.1% in the second quarter. Vanguard Group Inc. now owns 31,981,258 shares of the real estate investment trust’s stock valued at $268,322,000 after purchasing an additional 2,106,310 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in MFA Financial by 26.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,320,780 shares of the real estate investment trust’s stock valued at $44,641,000 after purchasing an additional 1,102,099 shares in the last quarter. Finally, FMR LLC raised its stake in MFA Financial by 5.0% in the second quarter. FMR LLC now owns 22,402,989 shares of the real estate investment trust’s stock valued at $187,962,000 after purchasing an additional 1,065,338 shares in the last quarter. 80.61% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Ronald A. Freydberg acquired 20,000 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $7.78 per share, with a total value of $155,600.00. Following the completion of the purchase, the insider now directly owns 579,714 shares of the company’s stock, valued at approximately $4,510,174.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

A number of research analysts recently commented on MFA shares. Zacks Investment Research downgraded MFA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada reissued a “buy” rating and set a $9.00 target price on shares of MFA Financial in a research note on Tuesday, November 7th. BidaskClub downgraded MFA Financial from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. JMP Securities downgraded MFA Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 20th. Finally, B. Riley reissued a “neutral” rating on shares of MFA Financial in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.08.

MFA Financial, Inc. (NYSE:MFA) traded up $0.02 during trading on Friday, hitting $7.80. The stock had a trading volume of 1,266,109 shares, compared to its average volume of 1,600,001. MFA Financial, Inc. has a one year low of $7.58 and a one year high of $8.90. The firm has a market capitalization of $3,088.22, a P/E ratio of 10.68 and a beta of 0.66.

MFA Financial (NYSE:MFA) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). MFA Financial had a net margin of 59.03% and a return on equity of 9.33%. The firm had revenue of $55.86 million during the quarter, compared to analyst estimates of $71.13 million. During the same period in the prior year, the company earned $0.21 EPS. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. analysts forecast that MFA Financial, Inc. will post 0.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Thursday, December 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.26%. The ex-dividend date of this dividend is Wednesday, December 27th. MFA Financial’s dividend payout ratio is currently 109.59%.

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MFA Financial Company Profile

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.

Institutional Ownership by Quarter for MFA Financial (NYSE:MFA)

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