Vaughan Nelson Investment Management L.P. Increases Stake in MFA Financial, Inc. (NYSE:MFA)

Vaughan Nelson Investment Management L.P. Increases Stake in MFA Financial, Inc.

Vaughan Nelson Investment Management L.P. has boosted its stake in MFA Financial, Inc. by 14.8% in the first quarter, according to the company’s recent 13F filing with the SEC. The firm now owns 3,180,567 shares of the real estate investment trust’s stock, worth $36,289,000 at the end of the reporting period.

Other institutional investors and hedge funds have also made changes to their holdings of MFA Financial. Vanguard Group Inc., Wellington Management Group LLP, Charles Schwab Investment Management Inc., Invesco Ltd., and Norges Bank have all increased their positions in the company.

Analysts have been closely monitoring MFA Financial, with JMP Securities reiterating a “market outperform” rating and setting a price target of $12.50. StockNews.com upgraded MFA Financial from a “hold” to a “buy” rating. Overall, the stock has a consensus rating of “Moderate Buy” with an average price target of $12.00.

MFA Financial’s stock has seen a 1.2% increase, opening at $10.61 on Wednesday. The company also announced a quarterly dividend of $0.35 per share, with a dividend yield of 13.20%.

MFA Financial, Inc. operates as a real estate investment trust in the United States, investing in residential mortgage securities and mortgage servicing rights related assets.

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