NEW YORK - MFA Financial, Inc. (NYSE:MFA), a specialty finance company focusing on residential mortgage loans and real estate assets, has announced the promotion of Bryan Wulfsohn to President and Lori Samuels to Chief Loan Operations Officer.
Mr. Wulfsohn, who has been with MFA for 14 years, will take on his new role effective September 3, 2024, succeeding Craig L. Knutson, who will continue as the CEO. Wulfsohn's tenure includes managing the company's investment portfolio and serving as Co-Chief Investment Officer since 2019. His previous experience includes roles at Inland Western Real Estate Trust and CBA Commercial.
Lori Samuels, a senior figure at MFA since 2010, will oversee asset management, underwriting, and loan-related operations. Her promotion follows a successful period as Senior Vice President, and her career includes experience at Fitch Ratings and BNY Mellon (NYSE:BK).
The company also announced the upcoming departure of Gudmundur Kristjansson, Senior Vice President and Co-Chief Investment Officer, who will leave on November 22, 2024. Post his exit, Wulfsohn will serve as the sole Chief Investment Officer.
Craig L. Knutson, CEO of MFA, expressed his enthusiasm for the promotions of Wulfsohn and Samuels, citing their instrumental contributions to the company. He also extended gratitude to Kristjansson for his 17 years of service, particularly highlighting his leadership in the acquisition and integration of Lima One Capital, a subsidiary of MFA.
MFA Financial is known for its investment in various real estate assets, including residential mortgage-backed securities. Since its IPO in 1998, the company has distributed $4.7 billion in dividends to its stockholders. The information for this article is based on a press release statement.
InvestingPro Insights
As MFA Financial, Inc. (NYSE:MFA) continues to strengthen its leadership team with strategic promotions, investors may be interested in the latest financial metrics and market performance of the company. The recent appointment of Bryan Wulfsohn to President and Lori Samuels to Chief Loan Operations Officer comes at a time when MFA Financial exhibits strong financial indicators.
According to InvestingPro data, MFA Financial has a market capitalization of $1.2 billion, reflecting its solid position in the specialty finance industry. The company's Price to Earnings (P/E) ratio stands at 18.68, with a slight adjustment to 18.41 when considering the last twelve months as of Q2 2024. This suggests a reasonable valuation relative to its earnings. Moreover, MFA has shown exceptional revenue growth, with an 87.5% increase over the last twelve months as of Q2 2024, highlighting the company's expanding financial performance.
InvestingPro Tips further illuminate the positive outlook for MFA Financial. The company's net income is expected to grow this year, a promising sign for potential investors. Additionally, four analysts have revised their earnings upwards for the upcoming period, indicating increased confidence in the company's financial prospects. Notably, MFA Financial has a longstanding history of rewarding shareholders, maintaining dividend payments for 27 consecutive years, and currently offers a high dividend yield of 11.88%.
For investors seeking more in-depth analysis, InvestingPro offers additional tips on MFA Financial, which can be found at InvestingPro. These tips provide valuable insights for making informed investment decisions in the context of the company's latest leadership developments and financial health.
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