Prudential Financial Inc. raised its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 379,345 shares of the real estate investment trust’s stock after acquiring an additional 11,100 shares during the quarter. Prudential Financial Inc.’s holdings in ARMOUR Residential REIT were worth $8,516,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its position in shares of ARMOUR Residential REIT by 24.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 57,784 shares of the real estate investment trust’s stock valued at $1,318,000 after purchasing an additional 11,524 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in ARMOUR Residential REIT during the 2nd quarter worth approximately $321,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in ARMOUR Residential REIT during the 2nd quarter worth approximately $202,000. Laurion Capital Management LP acquired a new stake in ARMOUR Residential REIT during the 2nd quarter worth approximately $625,000. Finally, Chicago Equity Partners LLC lifted its position in ARMOUR Residential REIT by 1.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 410,220 shares of the real estate investment trust’s stock worth $9,357,000 after acquiring an additional 6,160 shares during the period. 59.78% of the stock is owned by hedge funds and other institutional investors.

NYSE:ARR opened at $21.88 on Thursday. ARMOUR Residential REIT, Inc. has a 12 month low of $20.15 and a 12 month high of $26.50. The stock has a market capitalization of $926.30 million, a price-to-earnings ratio of 8.35 and a beta of 0.63.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $57.06 million during the quarter. ARMOUR Residential REIT had a return on equity of 9.85% and a net margin of 50.37%. As a group, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.6 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 17th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, December 14th. This represents a $2.28 annualized dividend and a dividend yield of 10.42%. ARMOUR Residential REIT’s dividend payout ratio is presently 87.02%.

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $22.53, for a total value of $56,325.00. Following the transaction, the director now owns 415 shares of the company’s stock, valued at $9,349.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

A number of research firms have weighed in on ARR. ValuEngine raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research raised ARMOUR Residential REIT from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 31st.

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ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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