Vanguard Group Inc. Decreases Stock Position in ARMOUR Residential REIT, Inc. $ARR

Vanguard Group Inc. cut its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,950,174 shares of the real estate investment trust’s stock after selling 44,931 shares during the period. Vanguard Group Inc. owned about 10.68% of ARMOUR Residential REIT worth $211,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP lifted its stake in ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,570 shares in the last quarter. GAMMA Investing LLC lifted its stake in ARMOUR Residential REIT by 217.5% in the 4th quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,179 shares in the last quarter. Signaturefd LLC lifted its stake in ARMOUR Residential REIT by 210.9% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,198 shares in the last quarter. Danske Bank A S purchased a new position in ARMOUR Residential REIT in the 3rd quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in ARMOUR Residential REIT by 120.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,893 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ARR shares. JonesTrading reduced their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. UBS Group restated a “neutral” rating and issued a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

ARMOUR Residential REIT Stock Up 0.4%

Shares of ARMOUR Residential REIT stock opened at $17.62 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The firm has a market cap of $2.19 billion, a PE ratio of 9.18 and a beta of 1.39. The business’s fifty day moving average is $17.24 and its two-hundred day moving average is $17.34.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The business had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. Equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 16.3%. The ex-dividend date is Friday, May 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 150.00%.

About ARMOUR Residential REIT

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.