Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in MFA Financial, Inc. (NYSE:MFA)

Mirae Asset Global Investments Co. Ltd. lessened its position in MFA Financial, Inc. (NYSE:MFA) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 763,248 shares of the real estate investment trust’s stock after selling 58,797 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MFA Financial were worth $8,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its holdings in shares of MFA Financial by 10.2% in the second quarter. ProShare Advisors LLC now owns 13,313 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,232 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of MFA Financial by 8.7% in the third quarter. Commonwealth Equity Services LLC now owns 18,227 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,456 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MFA Financial by 2.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,525 shares of the real estate investment trust’s stock valued at $641,000 after purchasing an additional 1,794 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of MFA Financial by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 51,100 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 1,973 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of MFA Financial by 12.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,462 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 2,113 shares during the last quarter. Hedge funds and other institutional investors own 65.28% of the company’s stock.

MFA Financial Stock Performance

NYSE:MFA opened at $10.72 on Friday. MFA Financial, Inc. has a one year low of $8.41 and a one year high of $11.90. The stock has a market cap of $1.09 billion, a PE ratio of 26.80 and a beta of 2.10. The stock has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.67.

MFA Financial (NYSE:MFA) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.34 by $0.12. The firm had revenue of $169.88 million during the quarter, compared to analysts’ expectations of $43.75 million. MFA Financial had a return on equity of 9.44% and a net margin of 13.24%. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, analysts predict that MFA Financial, Inc. will post 1.47 earnings per share for the current fiscal year.

MFA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.40 annualized dividend and a yield of 13.06%. MFA Financial’s dividend payout ratio (DPR) is 350.00%.

MFA Financial Company Profile

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, 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.