MFA Financial said on March 10, 2023 its board of directors declared a permanent quarterly dividend of $0.35 per share ($1.40 per share). Previously, the company paid $0.44 per share.
Shares must be purchased by the ex-div date of March 30, 2023 to be eligible for the dividend. Shareholders of record as of March 31, 2023 will receive payment on April 28, 2023.
At the current stock price of $9.51/share, the stock has a dividend yield of 14.72%. Looking back five years and sampling each week, the average dividend yield was 10.93%, with a low of 5.22% and a high of 44.78%. The standard deviation of the result is 3.99 (n=217).
The current dividend yield is 0.95 standard deviations from the historical average.
Additionally, the company’s dividend payout ratio is -0.73. The payout ratio shows how much of a company’s earnings is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as dividends. A payout ratio above one means that the company is dipping into its savings to maintain the dividend, which is not a healthy situation. Companies with little growth prospects should pay out most of their earnings in the form of dividends, which usually means a payout ratio of between 0.5 and 1.0. Companies with good growth prospects must retain a portion of their profits to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is -0.48%.
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Analysts’ price forecast predicts a rise of 33.00%
As of March 11, 2023, the one-year average price target for MFA Financial was $12.65. Estimates range from a low of $11.11 to a high of $14.18. The average target price is a 33.00% increase from its last reported close price of $9.51.
See the ranking of companies with the highest price targets.
MFA Financial has an estimated annual revenue of $211 million. Estimated annual non-GAAP EPS is $1.13.
What is stock sentiment?
There are 355 funds or institutions reporting positions in the Department of State’s financial services. That’s up from 13 owners, or 3.80%, in the last quarter. Average portfolio weight from all funds 0.32% for AMF, an increase of 7.29%. The total number of shares held by institutions has decreased by 7.23% over the past three months to 68,643,000 shares. MFA has a put/call ratio of 1.93, indicating a bearish outlook.
What do major shareholders do?
Starwood Capital Group Management, LLC owns 10,639,000 shares representing 10.44% of the company. There was no change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor has 3,067,000 shares representing 3.01% of the company. In a previous filing, the company said it owned 3,002,000 shares.
raise
2.12%. Company
increase
19.46% of its portfolio placement in MFA in the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor has 2,623,000 shares representing 2.57% of the company. In a previous filing, the company said it owned 2,585,000 shares
raise
1.43%. Company
increase
18.91% of its portfolio placement in MFA in the last quarter.
IWM – iShares Russell 2000 ETF owns 2,381,000 shares representing 2.34% of the company. In a previous filing, the company said it owned 2,280,000 shares
raise
4.25%. Company
increase
19.75% placement of its portfolio in MFA in the last quarter.
Geode Capital Management owns 1,842,000 shares representing 1.81% of the company’s capital. In a previous filing, the company said it owned 1,748,000 shares
raise
5.09%. Company
increase
23.41% of its portfolio placement in MFA in the last quarter.
Information about the financial context of AMF
(This description is provided by the company.)
MFA Financial, Inc. is a real estate investment trust primarily engaged in investing in residential mortgage assets, including residential mortgage-backed securities and whole home loans.
This story originally appeared on Fintel.
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