Voloridge Investment Management LLC increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 214.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,406 shares of the real estate investment trust’s stock after buying an additional 80,802 shares during the period. Voloridge Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its position in shares of ARMOUR Residential REIT by 13.7% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 11,624 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,401 shares during the period. Aperio Group LLC lifted its stake in ARMOUR Residential REIT by 15.6% in the 2nd quarter. Aperio Group LLC now owns 12,986 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 1,755 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in ARMOUR Residential REIT by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 322,378 shares of the real estate investment trust’s stock worth $6,010,000 after purchasing an additional 1,801 shares during the period. Quantamental Technologies LLC bought a new position in ARMOUR Residential REIT during the second quarter worth about $36,000. Finally, Strs Ohio grew its holdings in ARMOUR Residential REIT by 16.9% during the second quarter. Strs Ohio now owns 15,900 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 2,300 shares during the period. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on ARR. ValuEngine upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, LADENBURG THALM/SH SH upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus target price of $19.75.
ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of ($50.63) million during the quarter. ARMOUR Residential REIT had a negative net margin of 173.23% and a positive return on equity of 10.63%. On average, equities research analysts expect that ARMOUR Residential REIT, Inc. will post 2.26 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be paid a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a yield of 11.74%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 81.60%.
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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