Rhumbline Advisers Grows Position in ARMOUR Residential REIT, Inc. $ARR

Rhumbline Advisers grew its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 26.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,580 shares of the real estate investment trust’s stock after purchasing an additional 72,287 shares during the quarter. Rhumbline Advisers’ holdings in ARMOUR Residential REIT were worth $5,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of ARMOUR Residential REIT by 139.1% during the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,556 shares in the last quarter. State of Wyoming bought a new stake in ARMOUR Residential REIT during the 3rd quarter valued at $51,000. Russell Investments Group Ltd. lifted its position in shares of ARMOUR Residential REIT by 80.9% during the second quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 1,471 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ARMOUR Residential REIT in the second quarter worth $55,000. Finally, Spire Wealth Management boosted its holdings in shares of ARMOUR Residential REIT by 311.2% in the second quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,564 shares during the period. Institutional investors own 54.17% of the company’s stock.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 6,833 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total value of $123,403.98. Following the transaction, the director owned 1,010 shares of the company’s stock, valued at $18,240.60. This represents a 87.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

ARMOUR Residential REIT Trading Up 0.9%

Shares of NYSE ARR opened at $18.05 on Tuesday. The business has a 50-day moving average of $17.95 and a 200-day moving average of $16.60. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 6.61 and a beta of 1.46. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). ARMOUR Residential REIT had a net margin of 40.31% and a return on equity of 15.30%. The company had revenue of $236.50 million during the quarter, compared to analysts’ expectations of $62.34 million. On average, analysts predict 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 Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.0%. The ex-dividend date of this dividend is Monday, March 16th. ARMOUR Residential REIT’s payout ratio is currently 105.49%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ARR shares. JonesTrading dropped their price objective on ARMOUR Residential REIT from $20.50 to $20.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, January 21st. Compass Point initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, December 15th. They set a “buy” rating and a $18.50 target price on the stock. Finally, Zacks Research cut shares of ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.17.

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.