Allianz Asset Management GmbH Acquires 7,611 Shares of ARMOUR Residential REIT, Inc. (ARR)
Allianz Asset Management GmbH lifted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,428 shares of the real estate investment trust’s stock after buying an additional 7,611 shares during the period. Allianz Asset Management GmbH owned about 0.63% of ARMOUR Residential REIT worth $7,113,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Old Mutual Global Investors UK Ltd. lifted its stake in ARMOUR Residential REIT by 373.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 492,748 shares of the real estate investment trust’s stock valued at $13,254,000 after purchasing an additional 388,729 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in ARMOUR Residential REIT by 30,665.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 378,411 shares of the real estate investment trust’s stock valued at $10,141,000 after purchasing an additional 377,181 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in ARMOUR Residential REIT by 450.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 409,897 shares of the real estate investment trust’s stock valued at $11,027,000 after purchasing an additional 335,434 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in ARMOUR Residential REIT by 170.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 502,226 shares of the real estate investment trust’s stock valued at $13,511,000 after purchasing an additional 316,291 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in ARMOUR Residential REIT in the 3rd quarter valued at about $8,366,000. Institutional investors own 58.19% of the company’s stock.
Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th.
ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The firm had revenue of $39.64 million for the quarter, compared to analysts’ expectations of $37.49 million. ARMOUR Residential REIT had a net margin of 76.46% and a return on equity of 9.39%. During the same period in the prior year, the firm earned $0.68 EPS. equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.69 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.19 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.28 annualized dividend and a yield of 8.81%. ARMOUR Residential REIT’s dividend payout ratio is currently 45.06%.
In related news, COO Mark Gruber purchased 4,000 shares of the stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $25.38 per share, with a total value of $101,520.00. Following the acquisition, the chief operating officer now directly owns 19,958 shares in the company, valued at $506,534.04. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.
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About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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