Mirae Asset Global Investments Co. Ltd. Lowers Holdings in MFA Financial, Inc. (NYSE:MFA)

Mirae Asset Global Investments Co. Ltd. cut its holdings in MFA Financial, Inc. (NYSE:MFA – Get Rating) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138,839 shares of the real estate investment trust’s stock after selling 32,228 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.12% of MFA Financial worth $11,218,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in MFA Financial by 12.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,462 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 2,113 shares in the last quarter. UBS Group AG boosted its position in shares of MFA Financial by 441.8% during the 4th quarter. UBS Group AG now owns 245,739 shares of the real estate investment trust’s stock valued at $2,421,000 after acquiring an additional 317,628 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of MFA Financial by 3.0% during the 4th quarter. Van ECK Associates Corp now owns 402,332 shares of the real estate investment trust’s stock valued at $3,963,000 after acquiring an additional 11,584 shares during the last quarter. Swiss National Bank boosted its position in shares of MFA Financial by 1.1% during the 4th quarter. Swiss National Bank now owns 221,175 shares of the real estate investment trust’s stock valued at $2,179,000 after acquiring an additional 2,500 shares during the last quarter. Finally, AlphaCentric Advisors LLC boosted its position in shares of MFA Financial by 18.8% during the 4th quarter. AlphaCentric Advisors LLC now owns 158,230 shares of the real estate investment trust’s stock valued at $1,559,000 after acquiring an additional 25,000 shares during the last quarter. 64.40% of the stock is owned by hedge funds and other institutional investors.

MFA Financial Trading Down 0.2 %

MFA stock opened at $10.77 on Friday. The business’s fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $10.57. MFA Financial, Inc. has a twelve month low of $7.15 and a twelve month high of $14.14.

MFA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were paid a $0.35 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.40 dividend on an annualized basis and a yield of 13.00%. MFA Financial’s payout ratio is -129.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MFA shares. StockNews.com started coverage on MFA Financial in a research report on Thursday. They set a “hold” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of MFA Financial in a research report on Tuesday, March 7th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $12.50 price target on shares of MFA Financial in a research report on Friday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, MFA Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.45.

MFA Financial Profile

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MFA Financial, Inc is a real estate investment trust. engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, Non-Agency mortgage backed securities and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.