Dallas, Texas 01/28/2014 (FINANCIALSTRENDS) – MFA Financial, Inc. (NYSE:MFA) the real estate financial investment operator saw a recent change of leadership at the management level. Stewart Zimmerman who was the Chief Executive Officer of the real estate financial company has since step down from his post. Interestingly, he will continue to be associated with the reality firm in a consultant capacity. The change of post and responsibilities are effective December 31, 2013. He will continue to draw $65,000 a month, in his new role.
MFA Financial, Inc.(NYSE:MFA) will now have a new CEO at the helm. However, strategically the company has chosen to move forward at this post with William Gorin, who had earlier been the president of the company. MFA Financial has since declared these changes through SEC, Form 8-K.
MFA Financial, Inc.(NYSE:MFA) is a $2.63 billion market cap company which holds over 2,734,640 shares in trade. The company stock currently trades at $7.17, which is much lesser than the average by about 0.02. Meanwhile the overall fall over previous now stands at 0.285. MFA Financial now has a 52 week high of $9.59, while the 52 week low is $6.98. The EPS for the company is 0.77, while the PE is 9.30. The Dividend rate is 0.80. The yield for the company is 11.20.
MFA Financial, Inc.(NYSE:MFA) is a major player on the US real estate investment circuit. However, the company has some operational uniqueness as its offers diversified investment opportunities. MFA is also known to operate through a trust which has in-house investment news. MFA also has a strong presence in managing such of the portfolios which are related to mortgage backed securities. MFA Financial is known to offer hybrid as well as rate adjustable mortgage loan for family residence of the single unit types. Secured loans are innovative and built to offer better fund and credit facilities.