MFA Financial, Inc. (NYSE:MFA) Short Interest Up 29.4% in April

MFA Financial, Inc. (NYSE:MFAGet Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,860,000 shares, an increase of 29.4% from the March 31st total of 2,210,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is presently 2.2 days. Approximately 3.1% of the shares of the company are short sold.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFA. Rockefeller Capital Management L.P. acquired a new position in shares of MFA Financial during the 3rd quarter valued at $31,000. Lazard Asset Management LLC bought a new position in MFA Financial during the fourth quarter valued at about $42,000. Ieq Capital LLC acquired a new position in MFA Financial during the first quarter worth about $42,000. Eaton Vance Management raised its position in MFA Financial by 50.0% in the third quarter. Eaton Vance Management now owns 10,000 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 3,333 shares in the last quarter. Finally, Brinker Capital Investments LLC acquired a new stake in MFA Financial in the 4th quarter valued at about $46,000.

Shares of NYSE:MFA traded up $0.07 on Monday, hitting $14.32. The company’s stock had a trading volume of 88,745 shares, compared to its average volume of 1,224,115. MFA Financial has a 12 month low of $13.11 and a 12 month high of $19.60. The company’s 50-day moving average price is $15.68. The firm has a market capitalization of $1.50 billion, a P/E ratio of 5.48 and a beta of 1.63.

MFA Financial (NYSE:MFAGet Rating) last released its earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.12). MFA Financial had a net margin of 95.85% and a return on equity of 11.16%. The company had revenue of $70.15 million for the quarter, compared to analyst estimates of $56.57 million. During the same period in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 82.8% on a year-over-year basis. On average, equities analysts forecast that MFA Financial will post 2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Tuesday, March 22nd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.07%. MFA Financial’s dividend payout ratio is presently 67.69%.

A number of research analysts recently issued reports on the company. JMP Securities lowered their price objective on MFA Financial from $20.00 to $18.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 26th. started coverage on shares of MFA Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research cut shares of MFA Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.50.

About MFA Financial (Get Rating)

MFA Financial, Inc, together with 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, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.

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