MFA Financial, Inc. (NYSE:MFA) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in shares of MFA Financial, Inc. (NYSE:MFA) by 37.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,744 shares of the real estate investment trust’s stock after selling 14,732 shares during the period. Advisors Asset Management Inc.’s holdings in MFA Financial were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in MFA Financial during the third quarter valued at about $38,000. Castleview Partners LLC purchased a new stake in shares of MFA Financial during the 3rd quarter worth about $79,000. Quent Capital LLC increased its position in MFA Financial by 17.7% during the 1st quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,508 shares in the last quarter. Quest Partners LLC purchased a new position in MFA Financial in the third quarter valued at approximately $189,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in MFA Financial during the second quarter valued at approximately $192,000. 65.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MFA Financial Stock Up 0.3 %

MFA stock opened at $11.15 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 7.01 and a beta of 2.16. The stock’s 50 day moving average is $12.00 and its two-hundred day moving average is $11.56. MFA Financial, Inc. has a 52-week low of $10.20 and a 52-week high of $13.45.

MFA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a $0.35 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 12.56%. MFA Financial’s dividend payout ratio 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.