Teacher Retirement System of Texas Makes New Investment in ARMOUR Residential REIT, Inc. $ARR

Teacher Retirement System of Texas bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,936 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 period. Millennium Management LLC increased its position in 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 acquiring an additional 2,008,287 shares during the period. Invesco Ltd. raised its stake in shares of ARMOUR Residential REIT by 4.3% during the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after acquiring an additional 69,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ARMOUR Residential REIT by 165.8% during the first 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 during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 222,923 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group restated a “neutral” rating and issued a $16.00 price objective 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 reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

ARMOUR Residential REIT Trading Down 1.3%

Shares of ARR opened at $16.80 on Thursday. The firm’s fifty day simple moving average is $15.62 and its two-hundred day simple moving average is $16.03. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $19.64. The stock has a market capitalization of $1.88 billion, a P/E ratio of 419.88 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. The business had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm 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) dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date is Monday, November 17th. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

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.