MFA Financial (MFA) : Thornburg Investment Management Inc reduced its stake in MFA Financial by 1.5% during the most recent quarter end. The investment management company now holds a total of 34,920,490 shares of MFA Financial which is valued at $246.9 Million after selling 530,000 shares in MFA Financial , the firm said in a disclosure report filed with the SEC on May 12, 2016.MFA Financial makes up approximately 1.67% of Thornburg Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Pacad Investment Ltd. boosted its stake in MFA in the latest quarter, The investment management firm added 40,500 additional shares and now holds a total of 56,700 shares of MFA Financial which is valued at $401,436. MFA Financial makes up approx 0.05% of Pacad Investment Ltd.’s portfolio. Greenleaf Trust added MFA to its portfolio by purchasing 11,114 company shares during the most recent quarter which is valued at $76,798.
MFA Financial opened for trading at $6.99 and hit $7.03 on the upside on Friday, eventually ending the session at $7.01, with a gain of 0.57% or 0.04 points. The heightened volatility saw the trading volume jump to 11,96,293 shares. Company has a market cap of $2,601 M.
On the company’s financial health, MFA Financial reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.18.Analysts expectations of $ 76.75.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on MFA Financial. MFA Financial was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.
MFA Financial Inc. is a real estate investment trust (REIT). The Company is engaged in the real estate finance business.The Company through subsidiaries invests in residential mortgage assets including Agency mortgage backed securities (MBS) Non-Agency MBS and residential whole loans. The Company’s business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Company’s Agency MBS portfolio consists of Hybrids 15-year fixed-rate mortgages and adjustable-rate mortgages (ARMs). The Hybrid loans have initial a fixed-rate periods at origination of three five seven or 10 years. The Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and MBS collateralized by re-performing and non-performing loans (RPL/NPL MBS).