The Vanguard Group, Inc. has recently announced that it has increased stake in MFA Financial Inc. (NYSE:MFA) by 1.57%. After grabbing 9.72 million shares, the institutional investor is now in possession of 0.15 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 9.54% having worth around $103.94 million. Moreover, BlackRock Fund Advisors increased its share by 0.37 million to have a control over 8.13 million shares. And Wellington Management Co. LLP raised its holdings to 4.68 million shares by acquiring 5.02 million shares or 4.93% of the stake.
MFA Financial Inc. (MFA) concluded trading on 05/24/23 at a closing price of $10.59, with 1.64 million shares of worth about $17.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.94% during that period and on Wednesday the price saw a loss of about -2.93%. Currently the company’s common shares owned by public are about 101.90M shares, out of which, 101.16M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 101,511 shares in 23 of the transactions. In 13 selling transactions, insiders dumped 10,689,487 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in MFA Financial Inc. Vanguard Total Stock Market ETF is currently holding 3.11 million shares of worth totaling $33.2 million. The company recently came buying 3270.0 shares which brought its stake up to 3.05% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold 654.0 shares, after which its hold over company’s outstanding shares shrunk to 2.61%, leaving 2.66 million shares with the mutual fund that have a worth of about $28.4 million. iShares Russell 2000 ETF, after selling 2.18 million shares, have now control over 2.14% of the stake in the company. It holds 31920.0 shares of worth $23.32 million.
MFA Financial Inc. (NYSE: MFA) started trading at $10.80, below -$0.11 from concluding price of the previous day. Stock saw a price change of 0.57% in past 5 days and over the past one month there was a price change of 4.54%. Year-to-date (YTD), MFA shares are showing a performance of 7.51% which decreased to -20.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.15 but also hit the highest price of $14.14 during that period. The average intraday trading volume for MFA Financial Inc. shares is 1.28 million. The stock is currently trading 1.66% above its 20-day simple moving average (SMA20), while that difference is up 5.40% for SMA50 and it goes to 1.58% higher than SMA200.
The Vanguard Group, Inc. acquired 9.72 million shares of MFA Financial Inc. having value of about $103.94 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.15 million shares in the company valued at close to $1595298.78, or have control over 1.57% stake in the company. MFA Financial Inc. (NYSE: MFA) currently have 101.90M outstanding shares and institutions hold larger chunk of about 66.80% of that. Holding of mutual funds in the company is about 28.38% while other institutional holders and individual stake holders have control over 30.17% and 0.68% of the stake respectively.
The stock has a current market capitalization of $1.08B and its 3Y-monthly beta is at 2.00. It has posted earnings per share of -$1.08 in the same period. It has a debt-to-equity ratio of 3.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MFA, volatility over the week remained 2.79% while standing at 2.90% over the month.
Analysts are in expectations that MFA Financial Inc. (MFA) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $3.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.2 which is $0.83 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -197.70% while it is estimated to increase by 20.46% in next year.
Analysts at 6 brokerage firms have issued recommendations for the MFA Financial Inc. (MFA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 6 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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