ProShare Advisors LLC Buys 4,804 Shares of ARMOUR Residential REIT, Inc. $ARR

ProShare Advisors LLC raised its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 35.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,402 shares of the real estate investment trust’s stock after acquiring an additional 4,804 shares during the period. ProShare Advisors LLC’s holdings in ARMOUR Residential REIT were worth $309,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Fifth Third Bancorp boosted its stake in ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares in the last quarter. Spire Wealth Management lifted its stake 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 buying an additional 2,564 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of ARMOUR Residential REIT during the second quarter valued at approximately $66,000. CWM LLC grew its holdings in shares of ARMOUR Residential REIT by 126.2% during the second quarter. CWM LLC now owns 6,429 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 3,587 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of ARMOUR Residential REIT by 56.2% during the first quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 3,194 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $16.62 on Friday. The stock’s 50-day simple moving average is $15.76 and its two-hundred day simple moving average is $16.04. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 415.50 and a beta of 1.44. 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 issued its quarterly earnings data 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 business 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 quarter last year, the company earned $1.00 EPS. As a group, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Monday, November 17th. ARMOUR Residential REIT’s payout ratio is currently 7,200.00%.

Analyst Ratings Changes

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

About ARMOUR Residential REIT

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.