Shares of MFA Financial, Inc. (NYSE:MFA – Get Rating) rose 2.5% during Friday trading after an insider bought more shares of the company. The stock has traded as low as $10.90 and was last traded at $10.90. 108,492 shares changed hands during trading, down 89% from the average trading volume of 1,014,651 shares. The stock had previously closed at $10.63. Specifically, SVP Bryan Wulfsohn acquired 3,000 shares of the company in a transaction that took place on Thursday, September 15th. The stock was purchased at an average price of $10.75 per share for a total transaction of $32,250.00. Upon completion of the acquisition, the senior vice president now owns 63,350 shares of the company, valued at $681,012.50. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. In other news from MFA Financial, CEO Craig L. Knutson acquired 2,471 shares of the company’s stock in a transaction on Wednesday, September 14. The shares were acquired at an average price of $10.81 per share for a total transaction of $26,711.51. Following the acquisition, the Chief Executive Officer now directly owns 349,682 shares of the Company, valued at approximately $3,780,062.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In addition, SVP Bryan Wulfsohn purchased 3,000 shares of the stock in a transaction that took place on Thursday September 15th. The shares were purchased at an average price of $10.75 per share for a total value of $32,250.00. Upon completion of the purchase, the senior vice president now owns 63,350 shares of the company, valued at approximately $681,012.50. The disclosure for this purchase can be found here. Insiders have bought 7,821 shares of the company’s stock valued at $84,036 over the past ninety days. Company insiders own 0.63% of the company’s shares.
Analysts set new price targets
A number of equities research analysts recently commented on the stock. JMP Securities lowered its target price on shares of MFA Financial to $15.00 from $18.00 and gave the stock a “Market Outperform” rating in a report on Tuesday, June 14. TheStreet downgraded shares of MFA Financial from a “c-” rating to a “d+” rating in a research report on Friday, July 1. Keefe, Bruyette & Woods downgraded shares of MFA Financial from an outperform rating to a market perform rating and set a price target of $12.75 for the stock. in a research paper on Monday, July 18. StockNews.com lowered MFA Financial from a “hold” rating to a “sell” rating in a report Monday, August 8th. Finally, Raymond James lowered his price target on MFA Financial to $15.50 from $17.00 and gave the stock a “Outperform” rating in a report on Monday, August. One equities research analyst has rated the stock with a sell rating, three with a hold rating and two with a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.25.
MFA financial trading up 2.4%
The company’s 50-day simple moving average is $11.49 and its 200-day simple moving average is $13.18. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -20.69 and a beta of 1.70.
MFA Financial announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30 will receive a dividend of $0.44 per share. That equates to an annualized dividend of $1.76 and a dividend yield of 16.18%. The ex-dividend date of this dividend is Thursday September 29th. MFA Financial’s Dividend Payout Ratio (DPR) is currently -338.46%.
Institutional investors rate MFA Financial
A number of institutional investors recently changed their holdings in the company. Captrust Financial Advisors acquired a new $28,000 stake in MFA Financial during the second quarter. Lazard Asset Management LLC acquired a new stake in MFA Financial stock valued at $42,000 during the fourth quarter. Ieq Capital LLC acquired a new interest in MFA Financial valued at approximately $42,000 during the first quarter. XML Financial LLC purchased a new position in MFA Financial valued at approximately $43,000 during the first quarter. Finally, Allworth Financial LP acquired a new position in MFA Financial valued at $47,000 during the second quarter. 62.15% of the shares are owned by institutional investors.
MFA Financial Company Profile
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The firm invests in residential mortgage assets, including non-agency mortgage-backed securities (MBS), agency MBS and credit risk transfer securities; wholesale home loans, including purchased bad loans, purchased impaired loans and bad loans; and assets associated with mortgage service rights.
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