Penserra Capital Management LLC Sells 1,373 Shares of MFA Financial, Inc. (NYSE:MFA)

Posted by Defense World Staff on Feb 27th, 2023

Penserra Capital Management LLC trimmed its holdings in MFA Financial, Inc. (NYSE:MFA – Get Rating) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,447 shares of the real estate investment trust’s stock after selling 1,373 shares during the quarter. Penserra Capital Management LLC’s holdings in MFA Financial were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in MFA Financial in the 2nd quarter worth approximately $28,000. Point72 Hong Kong Ltd bought a new position in MFA Financial in the 2nd quarter worth approximately $72,000. Catalyst Capital Advisors LLC boosted its stake in MFA Financial by 37.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 7,289 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,000 shares during the period. EMC Capital Management boosted its stake in MFA Financial by 51.1% in the 2nd quarter. EMC Capital Management now owns 9,488 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 3,209 shares during the period. Finally, First Foundation Advisors bought a new position in MFA Financial in the 2nd quarter worth approximately $125,000. 64.40% of the stock is currently owned by institutional investors.

MFA Financial Stock Performance

NYSE:MFA opened at $10.83 on Monday. The stock’s fifty day moving average is $10.97 and its 200 day moving average is $10.56. MFA Financial, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $17.16.

MFA Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.40 annualized dividend and a yield of 12.93%. MFA Financial’s payout ratio is presently -54.69%.

Insider Activity at MFA Financial

In related news, major shareholder Starwood Capital Group Global sold 10,188,539 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $10.07, for a total transaction of $102,598,587.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MFA shares. StockNews.com upgraded MFA Financial from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada upped their price objective on MFA Financial from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Friday, November 25th. Finally, Credit Suisse Group raised MFA Financial from a “neutral” rating to an “outperform” rating and set a $12.50 price objective on the stock in a report on Monday, January 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.45.

About MFA Financial

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MFA Financial, Inc is a real estate investment trust. engages in the business of investment, on a leveraged basis, in residential mortgage assets including agency mortgage-backed securities, Non-Agency mortgage backed securities and residential whole loans. The company was founded by Stewart Zimmerman on July 24, 1997 and is headquartered in New York, NY.