Charles Schwab Investment Management Inc. Acquires 12,071 Shares of MFA Financial, Inc. (NYSE:MFA)

Charles Schwab Investment Management Inc. grew its holdings in MFA Financial, Inc. (NYSE:MFA) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,835,409 shares of the real estate investment trust’s stock after purchasing an additional 12,071 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.80% of MFA Financial worth $23,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in MFA Financial during the third quarter worth $38,000. Castleview Partners LLC bought a new position in shares of MFA Financial during the 3rd quarter worth about $79,000. Quest Partners LLC acquired a new stake in shares of MFA Financial in the 3rd quarter valued at about $189,000. Kingswood Wealth Advisors LLC bought a new stake in MFA Financial in the 2nd quarter valued at about $192,000. Finally, Intech Investment Management LLC acquired a new position in MFA Financial during the 3rd quarter worth approximately $329,000. Institutional investors own 65.28% of the company’s stock.

Analyst Upgrades and Downgrades

MFA has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. StockNews.com lowered shares of MFA Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a research note on Thursday, November 7th. Raymond James increased their price objective on MFA Financial from $13.00 to $14.50 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, JMP Securities lifted their target price on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.60.

MFA Financial Stock Down 0.2 %

NYSE:MFA opened at $10.94 on Friday. MFA Financial, Inc. has a twelve month low of $10.20 and a twelve month high of $13.45. The stock has a market cap of $1.12 billion, a P/E ratio of 6.88 and a beta of 2.11. The firm’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $11.57.

MFA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date was Friday, September 27th. MFA Financial’s dividend payout ratio (DPR) is presently 88.05%.

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.