Donald Smith & CO. Inc. Sells 202,562 Shares of MFA FINL INC/SH (NYSE:MFA)

Donald Smith & CO. Inc. decreased its stake in shares of MFA FINL INC/SH (NYSE:MFA) by 16.6% in the 1st quarter, Holdings Channel reports. The fund owned 1,020,179 shares of the real estate investment trust’s stock after selling 202,562 shares during the quarter. Donald Smith & CO. Inc.’s holdings in MFA FINL INC/SH were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Belpointe Asset Management LLC grew its position in MFA FINL INC/SH by 9.9% in the fourth quarter. Belpointe Asset Management LLC now owns 15,109 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,355 shares in the last quarter. Cresset Asset Management LLC lifted its stake in MFA FINL INC/SH by 2.4% in the fourth quarter. Cresset Asset Management LLC now owns 101,689 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 2,346 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of MFA FINL INC/SH by 44.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 9,502 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 2,929 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of MFA FINL INC/SH by 11.1% during the 4th quarter. Altshuler Shaham Ltd now owns 34,954 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 3,479 shares during the last quarter. Finally, Machina Capital S.A.S. lifted its stake in shares of MFA FINL INC/SH by 21.1% during the 4th quarter. Machina Capital S.A.S. now owns 19,965 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 3,485 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Shares of MFA FINL INC/SH stock traded up $0.09 during midday trading on Tuesday, hitting $1.76. 11,984,390 shares of the company traded hands, compared to its average volume of 17,813,306. The stock has a market cap of $752.17 million, a price-to-earnings ratio of 2.08 and a beta of 1.52. The firm’s fifty day moving average price is $1.64 and its 200-day moving average price is $5.68. MFA FINL INC/SH has a 12 month low of $0.32 and a 12 month high of $8.09.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 45.58%. The ex-dividend date was Monday, March 30th.

In related news, EVP Ronald A. Freydberg purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $6.01 per share, with a total value of $90,150.00. Following the acquisition, the executive vice president now owns 643,441 shares of the company’s stock, valued at approximately $3,867,080.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Several research firms have commented on MFA. Royal Bank of Canada lowered shares of MFA FINL INC/SH from an “outperform” rating to a “sector perform” rating in a report on Wednesday, March 25th. JMP Securities lowered shares of MFA FINL INC/SH from an “outperform” rating to a “market perform” rating in a report on Monday, April 13th. Zacks Investment Research raised shares of MFA FINL INC/SH from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. ValuEngine lowered shares of MFA FINL INC/SH from a “sell” rating to a “strong sell” rating in a report on Thursday, April 2nd. Finally, Wedbush lowered shares of MFA FINL INC/SH from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 25th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.44.

MFA FINL INC/SH 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: Market Timing

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Institutional Ownership by Quarter for MFA FINL INC/SH (NYSE:MFA)

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