Castleview Partners LLC Makes New Investment in MFA Financial, Inc. (NYSE:MFA)

Castleview Partners LLC acquired a new position in MFA Financial, Inc. (NYSE:MFA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,198 shares of the real estate investment trust’s stock, valued at approximately $79,000.

Other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in MFA Financial by 82.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,203 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of MFA Financial in the 1st quarter valued at $34,000. Quent Capital LLC boosted its stake in shares of MFA Financial by 17.7% in the 1st quarter. Quent Capital LLC now owns 10,031 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,509 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of MFA Financial during the 1st quarter valued at $128,000. Finally, SG Americas Securities LLC purchased a new position in MFA Financial in the 1st quarter worth $140,000. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Stock Performance

NYSE MFA opened at $12.31 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of -153.88 and a beta of 2.16. MFA Financial, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $13.45. The stock has a 50 day simple moving average of $12.40 and a two-hundred day simple moving average of $11.40.

MFA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a $0.35 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.40 annualized dividend and a dividend yield of 11.37%. MFA Financial’s dividend payout ratio is -1,750.00%.

Wall Street Analyst Weigh In

MFA has been the subject of several analyst reports. Wedbush upped their price target on shares of MFA Financial from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods raised their price target on MFA Financial from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. StockNews.com raised MFA Financial from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Raymond James increased their price objective on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Finally, JMP Securities lifted their target price on shares of MFA Financial from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

About MFA Financial

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.