Timbercreek Investment Management Inc. grew its stake in MFA FINL INC/SH (NYSE:MFA) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 980,109 shares of the real estate investment trust’s stock after purchasing an additional 225,091 shares during the period. MFA FINL INC/SH comprises approximately 1.9% of Timbercreek Investment Management Inc.’s investment portfolio, making the stock its 25th largest holding. Timbercreek Investment Management Inc. owned 0.22% of MFA FINL INC/SH worth $6,547,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Nan Shan Life Insurance Co. Ltd. boosted its position in MFA FINL INC/SH by 26.3% in the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 13,490,726 shares of the real estate investment trust’s stock worth $99,157,000 after purchasing an additional 2,809,284 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of MFA FINL INC/SH by 26.4% during the 2nd quarter. Renaissance Technologies LLC now owns 6,918,754 shares of the real estate investment trust’s stock worth $52,444,000 after buying an additional 1,445,454 shares during the period. Utah Retirement Systems raised its stake in shares of MFA FINL INC/SH by 12.8% during the 3rd quarter. Utah Retirement Systems now owns 82,853 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 9,400 shares during the period. SG Americas Securities LLC raised its stake in shares of MFA FINL INC/SH by 59.4% during the 2nd quarter. SG Americas Securities LLC now owns 56,418 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 21,015 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of MFA FINL INC/SH by 331.7% during the 3rd quarter. Private Advisor Group LLC now owns 62,966 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 48,379 shares during the period. Institutional investors and hedge funds own 80.60% of the company’s stock.
In other news, Director Robin Josephs acquired 14,000 shares of MFA FINL INC/SH stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average cost of $7.10 per share, with a total value of $99,400.00. Following the purchase, the director now owns 107,991 shares in the company, valued at $766,736.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.
MFA FINL INC/SH (NYSE:MFA) last posted its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. MFA FINL INC/SH had a return on equity of 10.31% and a net margin of 80.58%. The firm had revenue of $58.55 million during the quarter, compared to the consensus estimate of $56.00 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that MFA FINL INC/SH will post 0.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, December 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.40%. The ex-dividend date is Thursday, December 27th. MFA FINL INC/SH’s dividend payout ratio is currently 101.27%.
Several brokerages have recently weighed in on MFA. Zacks Investment Research raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine raised MFA FINL INC/SH from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Raymond James began coverage on MFA FINL INC/SH in a research note on Thursday, October 11th. They set a “market perform” rating for the company. Finally, JMP Securities raised MFA FINL INC/SH from a “market perform” rating to an “outperform” rating and set a $7.50 target price for the company in a research note on Monday, December 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. MFA FINL INC/SH currently has a consensus rating of “Hold” and an average target price of $7.75.
COPYRIGHT VIOLATION WARNING: “Timbercreek Investment Management Inc. Buys 225,091 Shares of MFA FINL INC/SH (MFA)” was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://dakotafinancialnews.com/2019/01/11/timbercreek-investment-management-inc-buys-225091-shares-of-mfa-finl-inc-sh-mfa.html.
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: Bull Market
Want to see what other hedge funds are holding MFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.