Intech Investment Management LLC Purchases New Stake in MFA Financial, Inc. (NYSE:MFA)

Intech Investment Management LLC purchased a new stake in MFA Financial, Inc. (NYSE:MFA) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 25,855 shares of the real estate investment trust’s stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MFA. Future Financial Wealth Managment LLC acquired a new stake in shares of MFA Financial in the third quarter valued at approximately $38,000. Castleview Partners LLC acquired a new stake in MFA Financial during the third quarter worth $79,000. Quest Partners LLC acquired a new stake in MFA Financial during the third quarter worth $189,000. Kingswood Wealth Advisors LLC acquired a new stake in MFA Financial during the second quarter worth $192,000. Finally, Summit Securities Group LLC increased its stake in MFA Financial by 116.7% during the second quarter. Summit Securities Group LLC now owns 32,500 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 17,500 shares during the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

Wall Street Analyst Weigh In

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

MFA Financial Trading Down 0.9 %

NYSE:MFA opened at $11.00 on Wednesday. The firm has a market cap of $1.12 billion, a PE ratio of 6.92 and a beta of 2.11. The stock has a fifty day moving average price of $11.89 and a 200 day moving average price of $11.58. MFA Financial, Inc. has a 12-month low of $10.20 and a 12-month high of $13.45.

MFA Financial Announces Dividend

The business also recently announced 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 of this dividend was Friday, September 27th. This represents a $1.40 dividend on an annualized basis and a yield of 12.73%. MFA Financial’s dividend payout ratio (DPR) is presently 88.05%.

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.