Intech Investment Management LLC Has $1.30 Million Holdings in ARMOUR Residential REIT, Inc. $ARR

Intech Investment Management LLC lessened its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 16.3% during the second quarter, HoldingsChannel.com reports. The fund owned 77,188 shares of the real estate investment trust’s stock after selling 15,049 shares during the period. Intech Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of ARMOUR Residential REIT by 17,311.3% in the 1st quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock valued at $34,540,000 after purchasing an additional 2,008,287 shares in the last quarter. Vanguard Group Inc. lifted its stake in ARMOUR Residential REIT by 32.0% in the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock valued at $136,513,000 after purchasing an additional 1,937,070 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ARMOUR Residential REIT by 165.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,829 shares of the real estate investment trust’s stock valued at $15,917,000 after purchasing an additional 580,684 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in ARMOUR Residential REIT in the first quarter valued at approximately $8,584,000. Finally, Geode Capital Management LLC grew its stake in shares of ARMOUR Residential REIT by 27.7% during the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock worth $33,092,000 after buying an additional 426,536 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $16.62 on Monday. The company has a market capitalization of $1.86 billion, a P/E ratio of 415.50 and a beta of 1.44. The company has a fifty day moving average price of $15.76 and a 200-day moving average price of $16.04. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $19.64.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter in the previous year, the company earned $1.00 earnings per share. As a group, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 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 Friday, November 28th. Stockholders of record on Monday, November 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 17.3%. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.