Commonwealth Equity Services LLC Grows Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Commonwealth Equity Services LLC grew its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 6.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,745 shares of the real estate investment trust’s stock after acquiring an additional 1,850 shares during the period. Commonwealth Equity Services LLC’s holdings in ARMOUR Residential REIT were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARR. Advisor Group Holdings Inc. lifted its holdings in ARMOUR Residential REIT by 53.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 41,033 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 14,311 shares during the period. Envestnet Asset Management Inc. lifted its holdings in ARMOUR Residential REIT by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,589 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 2,899 shares during the period. Rhumbline Advisers lifted its holdings in ARMOUR Residential REIT by 11.9% in the 2nd quarter. Rhumbline Advisers now owns 229,354 shares of the real estate investment trust’s stock worth $2,619,000 after buying an additional 24,449 shares during the period. Mutual of America Capital Management LLC lifted its holdings in ARMOUR Residential REIT by 16.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,410 shares during the period. Finally, Citigroup Inc. lifted its holdings in ARMOUR Residential REIT by 1,773.6% in the 2nd quarter. Citigroup Inc. now owns 155,168 shares of the real estate investment trust’s stock worth $1,772,000 after buying an additional 146,886 shares during the period. Institutional investors and hedge funds own 52.51% of the company’s stock.

ARR has been the subject of several research analyst reports. Jonestrading cut ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Thursday, October 28th. Zacks Investment Research upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 28th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus price target of $11.58.

ARR opened at $9.72 on Friday. The stock has a market cap of $871.78 million, a PE ratio of 5.89 and a beta of 0.97. The business has a 50 day moving average of $10.03 and a 200-day moving average of $10.54. ARMOUR Residential REIT, Inc. has a 52 week low of $9.02 and a 52 week high of $12.56.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. ARMOUR Residential REIT had a return on equity of 8.02% and a net margin of 144.33%. During the same period in the previous year, the firm posted $0.35 earnings per share. Sell-side analysts predict that ARMOUR Residential REIT, Inc. will post 0.96 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 28th. Shareholders of record on Tuesday, January 18th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date is Friday, January 14th. ARMOUR Residential REIT’s payout ratio is 72.73%.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc operates as a real estate investment trust, which engages in the business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration.

Read More: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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