MFA Financial, Inc. (NYSE:MFA) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of MFA Financial, Inc. (NYSE:MFAGet Rating) by 87.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,553 shares of the real estate investment trust’s stock after selling 164,440 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in MFA Financial were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in MFA Financial in the second quarter valued at approximately $47,000. Guggenheim Capital LLC purchased a new stake in MFA Financial in the first quarter valued at approximately $48,000. CTC Capital Management LLC purchased a new stake in MFA Financial in the first quarter valued at approximately $50,000. XTX Topco Ltd purchased a new stake in MFA Financial in the first quarter valued at approximately $63,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in MFA Financial in the second quarter valued at approximately $212,000. Institutional investors and hedge funds own 62.15% of the company’s stock.

Insider Activity

In other MFA Financial news, Director Robin Josephs bought 2,350 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were purchased at an average price of $10.67 per share, for a total transaction of $25,074.50. Following the transaction, the director now directly owns 28,828 shares of the company’s stock, valued at approximately $307,594.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Craig L. Knutson acquired 2,471 shares of MFA Financial stock in a transaction that occurred on Wednesday, September 14th. The stock was purchased at an average cost of $10.81 per share, with a total value of $26,711.51. Following the purchase, the chief executive officer now owns 349,682 shares in the company, valued at $3,780,062.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Josephs acquired 2,350 shares of MFA Financial stock in a transaction that occurred on Wednesday, September 14th. The stock was purchased at an average cost of $10.67 per share, with a total value of $25,074.50. Following the completion of the purchase, the director now owns 28,828 shares in the company, valued at approximately $307,594.76. The disclosure for this purchase can be found here. Insiders have acquired 10,096 shares of company stock worth $108,606 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

MFA Financial Price Performance

Shares of NYSE:MFA opened at $10.98 on Thursday. MFA Financial, Inc. has a 1 year low of $7.15 and a 1 year high of $19.06. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.95 and a beta of 1.82. The business’s 50 day moving average price is $9.58 and its 200-day moving average price is $11.12.

MFA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, September 30th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 16.03%. MFA Financial’s dividend payout ratio (DPR) is -79.28%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MFA. Royal Bank of Canada lowered their price objective on MFA Financial from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 5th. JMP Securities lowered their price objective on MFA Financial from $15.00 to $13.50 and set a “market outperform” rating on the stock in a research report on Thursday, October 20th. Raymond James lowered their price objective on MFA Financial from $15.50 to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 18th. StockNews.com began coverage on MFA Financial in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Credit Suisse Group lowered their price objective on MFA Financial to $12.50 in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.25.

MFA Financial Profile

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

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