PNC Financial Services Group Inc. Increases Holdings in ARMOUR Residential REIT, Inc. $ARR

PNC Financial Services Group Inc. boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 28.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,315 shares of the real estate investment trust’s stock after purchasing an additional 3,434 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ARMOUR Residential REIT were worth $257,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ARR. Vanguard Group Inc. lifted its stake in ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock valued at $136,513,000 after buying an additional 1,937,070 shares during the last quarter. Millennium Management LLC raised its holdings in ARMOUR Residential REIT by 17,311.3% during the first quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock worth $34,540,000 after purchasing an additional 2,008,287 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ARMOUR Residential REIT by 4.3% in the 1st quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after buying an additional 69,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ARMOUR Residential REIT by 165.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,829 shares of the real estate investment trust’s stock worth $15,917,000 after purchasing an additional 580,684 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in ARMOUR Residential REIT by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after buying an additional 222,923 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Up 2.3%

Shares of ARR opened at $17.44 on Thursday. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $19.64. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 436.00 and a beta of 1.44. The business’s 50 day moving average is $15.89 and its two-hundred day moving average is $16.05.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $210.90 million during the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same period in the previous year, the firm posted $1.00 EPS. On average, equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. The ex-dividend date of this dividend is Monday, December 15th. ARMOUR Residential REIT’s dividend payout ratio is 7,200.00%.

Analyst Ratings Changes

ARR has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. 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 company. According to data from MarketBeat.com, ARMOUR Residential REIT currently has an average rating of “Hold” and an average target price of $16.00.

ARMOUR Residential REIT Company 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.