According to Zacks, MFA Financial, Inc. (NYSE: MFA-Get Rating) announced on Tuesday, September 13, that it would pay a quarterly dividend to shareholders. The announcement was made. The real estate investment trust will make a dividend payment of $0.44 per share to stockholders recorded as holding shares as of the preceding Friday, September 30. On Monday, October 31st, the dividends will be handed to shareholders. This yields a dividend payment of $1.76 and a dividend yield of 16.12% when computed on an annualized basis. The next Thursday, September 29, is when the dividend will be taken out of the shareholders’ accounts.
MFA Financial has decreased the amount of money it pays out annually in dividends by an average of 21.6% during the past three years. The dividend payout ratio for MFA Financial is 119.7%, which indicates that the firm cannot currently satisfy its dividend payments entirely from profits and must instead rely on its balance sheet. This is because the company has a dividend payout ratio that is too high. Since MFA Financial expects its earnings per share to be $1.55 and it’s payout ratio to be 113.5%, it’s possible that the company won’t be able to keep paying its $1.76 annual dividend.
The value of MFA Financial has increased by 3.0% over the past week.
The NYSE: MFA stock began trading on Thursday at $10.92 per share. The moving average of the company’s stock price over the past 50 days is $11.50, and the moving average over the previous 200 days is $13.22. The all-time high for MFA Financial over the last 52 weeks is $19.20, while the all-time low for the business over the past 52 weeks is $9.72. In recent months, the company’s share market has seen significant activity from several hedge funds and institutional investors, who have been buying and selling shares. The percentage of MFA Financial shares that State Street Corporation owned increased by 9.0% during the first three months of 2018.
Following an additional acquisition made during the most recent fiscal quarter, State Street Corporation currently has 10,109,396 shares of the real estate investment trust, collectively worth a total of $41,770,000. Charles Schwab Investment Management Inc. raised its holdings in MFA Financial by 2.5% over the first three months of the year. Charles Schwab Investment Management Inc. now has 4,951,627 of the real estate investment trust’s shares, which are worth a total of $19,956,000 after purchasing an additional 122,878 shares during the quarter. This brings the company’s total number of shares to 4,951,627. Renaissance Technologies LLC grew its holdings in MFA Financial by 356.0% over the year’s first three months. Renaissance Technologies LLC now has a total ownership stake in the real estate investment trust equal to 10,970,000 dollars, which can be translated as 2,722,041 shares, because during the quarter, it bought an additional 2,125,041 shares.
First Trust Advisors LP increased the MFA Financial shares it owned by 113.6% during the first three months of 2018. First Trust Advisors LP now has 2,127,278 shares of the real estate investment trust’s stock, valued at $8,573,000 after purchasing an additional 1,131,300 shares last quarter. Last but certainly not least, Allianz Asset Management GmbH increased its holdings in MFA Financial during the first quarter by buying an additional 55.6% of the company’s shares. After making an additional 404,416 shares during the most recent fiscal quarter, Allianz Asset Management GmbH now owns a total of 1,131,213 shares of the real estate investment trust, which are currently valued at $9,823,000. This brings the total number of shares the company has purchased to 1,131,213. Institutional investors control around 62.15% of the total outstanding shares of the corporation.
In recent years, numerous research companies have produced studies on MFA for publication in academic journals. StockNews.com changed its rating for MFA Financial from “hold” to “sell” in a research report published on August 8th, meaning they no longer advocate purchasing the company’s shares. The previous rating for MFA Financial was “hold.” In a research note released on Tuesday, June 14th, JMP Securities lowered their “market outperform” rating on shares of MFA Financial from $18.00 to $15.00 and their price objective on those shares from $18.00 to $15.00 in a research note. In addition, the price objective on those shares was also lowered from $18.00 to $15.00.
The price objective that Credit Suisse Group had set for MFA Financial shares was lowered to $15.00, and the announcement was made in a research note released on Friday, July 22nd. In a report distributed on Monday, August 15th, Raymond James lowered their price target on shares of MFA Financial from $17.00 to $15.50. Despite this modification, Raymond James has continued to provide an “outperform” rating to the company. The price objective of $15.00 that was established on shares of MFA Financial by Royal Bank of Canada has been decreased to $13.00, and the company has been assigned a rating of “sector perform.” On Monday, August 15th, the report was made available to the public.
The stock has been given a total of five different recommendations by research experts, which are as follows: one sell recommendation, two buy recommendations, one hold recommendation, and four hold recommendations. The company is currently rated as a “Hold,” and the average price target is $14.25, according to the website MarketBeat.com. Property investment trust MFA Financial, Inc., along with its subsidiaries and affiliates, is active in commercial real estate transactions throughout the United States (REIT). Purchased performing loans, purchased credit deteriorated loans, and non-performing loans; non-agency mortgage-backed securities (MBS), agency mortgage-backed securities (MBS), and credit risk transfer securities.
MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street and the firms that these analysts recommend to their clients daily. MarketBeat also follows the companies that these analysts study closely. According to MarketBeat, senior analysts at five companies advise their customers to make purchases immediately before the rest of the market catches on. MFA Financial was not one of the five businesses in question.