Advisory Services Network LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,598 shares of the real estate investment trust’s stock, valued at approximately $48,000.
Several other institutional investors also recently modified their holdings of the stock. LS Investment Advisors LLC lifted its holdings in ARMOUR Residential REIT by 44.4% in the 1st quarter. LS Investment Advisors LLC now owns 1,762 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 542 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at about $49,000. Sheaff Brock Investment Advisors LLC acquired a new stake in ARMOUR Residential REIT during the first quarter worth about $200,000. Pearl River Capital LLC boosted its stake in ARMOUR Residential REIT by 243.5% in the first quarter. Pearl River Capital LLC now owns 11,444 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 8,112 shares during the period. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of ARMOUR Residential REIT during the 1st quarter worth approximately $224,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Barclays set a $18.00 price target on ARMOUR Residential REIT and gave the stock a “sell” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus target price of $20.33.
Shares of NYSE ARR opened at $16.96 on Wednesday. The business’s 50 day moving average is $17.12 and its 200-day moving average is $18.54. The firm has a market cap of $964.84 million, a P/E ratio of 6.78 and a beta of 0.69. ARMOUR Residential REIT, Inc. has a 1-year low of $16.00 and a 1-year high of $23.79.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $40.86 million for the quarter. ARMOUR Residential REIT had a negative net margin of 124.06% and a positive return on equity of 10.62%. On average, research analysts predict that ARMOUR Residential REIT, Inc. will post 2.3 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date of this dividend is Friday, September 13th. ARMOUR Residential REIT’s dividend payout ratio is 81.60%.
ARMOUR Residential REIT Profile
ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.
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