Independent Advisor Alliance Sells 8,093 Shares of MFA Financial, Inc. (NYSE:MFA)

Independent Advisor Alliance trimmed its holdings in shares of MFA Financial, Inc. (NYSE:MFA) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,959 shares of the real estate investment trust’s stock after selling 8,093 shares during the quarter. Independent Advisor Alliance owned 0.17% of MFA Financial worth $2,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MFA. Future Financial Wealth Managment LLC bought a new stake in shares of MFA Financial during the third quarter worth $38,000. Castleview Partners LLC bought a new stake in shares of MFA Financial during the third quarter worth $79,000. Quent Capital LLC lifted its position in shares of MFA Financial by 17.7% during the first quarter. Quent Capital LLC now owns 10,030 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,508 shares during the last quarter. EMC Capital Management lifted its position in shares of MFA Financial by 29.5% during the first quarter. EMC Capital Management now owns 13,888 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 3,161 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of MFA Financial during the third quarter worth $189,000. 65.28% of the stock is currently owned by institutional investors.

MFA Financial Price Performance

MFA opened at $11.20 on Tuesday. The business’s 50-day moving average is $12.16 and its two-hundred day moving average is $11.56. MFA Financial, Inc. has a 1 year low of $10.20 and a 1 year high of $13.45. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.04 and a beta of 2.16.

MFA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.40 annualized dividend and a yield of 12.50%. MFA Financial’s dividend payout ratio (DPR) is presently 88.05%.

Analyst Ratings Changes

Several equities analysts have recently commented on MFA shares. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of MFA Financial in a research note on Thursday, November 7th. Raymond James raised their price target on MFA Financial from $13.00 to $14.50 and gave the company an “outperform” rating in a research note on Thursday, September 19th. JMP Securities raised their price target on MFA Financial from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Friday, September 6th. Keefe, Bruyette & Woods raised their price target on MFA Financial from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, StockNews.com lowered MFA Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.60.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.