Nisa Investment Advisors LLC Sells 48,850 Shares of ARMOUR Residential REIT, Inc. $ARR

Nisa Investment Advisors LLC lessened its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 70.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,047 shares of the real estate investment trust’s stock after selling 48,850 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ARMOUR Residential REIT were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of ARMOUR Residential REIT by 27.7% in the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock valued at $33,092,000 after purchasing an additional 426,536 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ARMOUR Residential REIT by 7.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003,622 shares of the real estate investment trust’s stock valued at $16,871,000 after buying an additional 72,793 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ARMOUR Residential REIT by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after acquiring an additional 222,923 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of ARMOUR Residential REIT during the second quarter valued at $9,006,000. Finally, Bank of New York Mellon Corp boosted its holdings in ARMOUR Residential REIT by 26.9% in the second quarter. Bank of New York Mellon Corp now owns 473,540 shares of the real estate investment trust’s stock valued at $7,960,000 after acquiring an additional 100,412 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Stock Up 1.7%

Shares of ARR stock opened at $19.14 on Friday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 478.38 and a beta of 1.44. ARMOUR Residential REIT, Inc. has a 12-month low of $13.18 and a 12-month high of $19.31. The firm has a fifty day moving average of $17.42 and a 200-day moving average of $16.35.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. The business had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. During the same period in the previous year, the firm posted $1.00 earnings per share. Research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 15.1%. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the sale, the director directly owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. The trade was a 87.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARR. UBS Group reissued a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Jones Trading raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 target price for the company in a report on Friday. Compass Point initiated coverage on ARMOUR Residential REIT in a research note on Monday, December 15th. They issued a “buy” rating and a $18.50 price target on the stock. Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.33.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.