BlueCrest Capital Management Ltd bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,407 shares of the real estate investment trust’s stock, valued at approximately $335,000.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in ARMOUR Residential REIT by 1.1% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 69 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in ARMOUR Residential REIT by 136.8% in the second quarter. BNP Paribas Arbitrage SA now owns 7,092 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 4,097 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $212,000. ETRADE Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 4.1% during the second quarter. ETRADE Capital Management LLC now owns 9,451 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 373 shares during the period. Finally, Sei Investments Co. increased its stake in shares of ARMOUR Residential REIT by 197.2% during the second quarter. Sei Investments Co. now owns 10,696 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 7,097 shares during the period. Institutional investors own 46.10% of the company’s stock.
In related news, COO Mark Gruber purchased 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $25.33 per share, with a total value of $50,660.00. Following the completion of the acquisition, the chief operating officer now directly owns 15,619 shares in the company, valued at approximately $395,629.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.
Several equities analysts have recently issued reports on ARR shares. BidaskClub cut ARMOUR Residential REIT from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.00.
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ARMOUR Residential REIT, Inc. (ARR) traded down 0.08% during midday trading on Friday, hitting $25.42. The stock had a trading volume of 875,647 shares. The stock has a market cap of $1.05 billion, a PE ratio of 3.34 and a beta of 0.77. The company’s 50 day moving average price is $26.74 and its 200-day moving average price is $25.82. ARMOUR Residential REIT, Inc. has a 52-week low of $20.29 and a 52-week high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $39.64 million for the quarter, compared to analysts’ expectations of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same period last year, the firm earned $0.68 earnings per share. Analysts forecast that ARMOUR Residential REIT, Inc. will post $2.69 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, November 27th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date of this dividend is Tuesday, November 14th. ARMOUR Residential REIT’s dividend payout ratio is currently 45.06%.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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