ARMOUR Residential REIT, Inc. $ARR Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 17.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 222,214 shares of the real estate investment trust’s stock after purchasing an additional 32,492 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ARMOUR Residential REIT were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Quarry LP boosted its stake in shares of ARMOUR Residential REIT by 620.6% in the third 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. Allworth Financial LP raised its position in ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 685 shares in the last quarter. Danske Bank A S acquired a new stake in ARMOUR Residential REIT in the third quarter valued at $42,000. McIlrath & Eck LLC lifted its holdings in ARMOUR Residential REIT by 161.2% in the first quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,931 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth $55,000. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $16.18 on Thursday. ARMOUR Residential REIT, Inc. has a 1-year low of $13.98 and a 1-year high of $19.31. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 4.35 and a beta of 1.36. The firm has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $16.95.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $113.29 million for the quarter, compared to analyst estimates of $111.98 million. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%. On average, equities analysts expect that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.8%. The ex-dividend date of this dividend is Tuesday, September 15th. ARMOUR Residential REIT’s payout ratio is 77.42%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARR shares. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Two investment 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. According to MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.