Merit Financial Group LLC Makes New Investment in MFA FINL INC/SH (NYSE:MFA)

Share on StockTwits

Merit Financial Group LLC bought a new stake in MFA FINL INC/SH (NYSE:MFA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,500 shares of the real estate investment trust’s stock, valued at approximately $119,000.

Other large investors have also recently modified their holdings of the company. Nuveen Asset Management LLC boosted its holdings in shares of MFA FINL INC/SH by 1,281.8% in the second quarter. Nuveen Asset Management LLC now owns 2,507,162 shares of the real estate investment trust’s stock valued at $18,002,000 after buying an additional 2,325,725 shares during the period. Millennium Management LLC boosted its holdings in MFA FINL INC/SH by 1,832.0% during the third quarter. Millennium Management LLC now owns 2,204,113 shares of the real estate investment trust’s stock worth $16,222,000 after purchasing an additional 2,090,026 shares during the last quarter. First Trust Advisors LP boosted its holdings in MFA FINL INC/SH by 42.4% during the third quarter. First Trust Advisors LP now owns 3,003,949 shares of the real estate investment trust’s stock worth $22,109,000 after purchasing an additional 894,243 shares during the last quarter. Foundry Partners LLC acquired a new position in MFA FINL INC/SH during the third quarter worth $5,184,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in MFA FINL INC/SH during the third quarter worth $3,227,000. 79.17% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Robin Josephs sold 24,805 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $7.66, for a total value of $190,006.30. Also, VP Bryan Wulfsohn sold 67,700 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $7.71, for a total transaction of $521,967.00. Following the completion of the transaction, the vice president now directly owns 139,849 shares in the company, valued at $1,078,235.79. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Several research analysts recently commented on MFA shares. Zacks Investment Research cut shares of MFA FINL INC/SH from a “hold” rating to a “sell” rating in a report on Saturday, February 1st. ValuEngine upgraded shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. MFA FINL INC/SH has a consensus rating of “Hold” and an average target price of $8.25.

MFA stock traded down $0.04 during trading hours on Friday, reaching $7.81. The stock had a trading volume of 2,580,835 shares, compared to its average volume of 3,037,663. The stock has a market capitalization of $3.55 billion, a PE ratio of 10.85 and a beta of 0.50. The stock has a 50-day simple moving average of $7.80 and a 200 day simple moving average of $7.54. MFA FINL INC/SH has a fifty-two week low of $6.93 and a fifty-two week high of $8.00.

MFA FINL INC/SH (NYSE:MFA) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $56.90 million during the quarter, compared to analysts’ expectations of $66.90 million. MFA FINL INC/SH had a net margin of 60.28% and a return on equity of 9.68%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. As a group, sell-side analysts predict that MFA FINL INC/SH will post 0.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date of this dividend was Friday, December 27th. MFA FINL INC/SH’s dividend payout ratio is currently 117.65%.

MFA FINL INC/SH Company Profile

MFA Financial, Inc, through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS, residential whole loans, credit risk transfer securities, and mortgage servicing rights related assets.

See Also: How can investors find ex-dividend dates?

Institutional Ownership by Quarter for MFA FINL INC/SH (NYSE:MFA)

Receive News & Ratings for MFA FINL INC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA FINL INC/SH and related companies with MarketBeat.com's FREE daily email newsletter.