Segall Bryant & Hamill LLC Takes $960,000 Position in ARMOUR Residential REIT, Inc. $ARR

Segall Bryant & Hamill LLC bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the first quarter, HoldingsChannel.com reports. The firm bought 57,554 shares of the real estate investment trust’s stock, valued at approximately $960,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in ARMOUR Residential REIT by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock valued at $1,531,000 after acquiring an additional 579 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ARMOUR Residential REIT by 40.7% during the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 685 shares during the last quarter. Stephens Inc. AR grew its position in shares of ARMOUR Residential REIT by 5.0% in the fourth quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 915 shares during the period. ProShare Advisors LLC increased its stake in ARMOUR Residential REIT by 4.7% in the fourth quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 988 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in ARMOUR Residential REIT by 1.8% in the second quarter. California State Teachers Retirement System now owns 60,209 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 1,039 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

ARR opened at $16.62 on Thursday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The firm has a 50 day moving average price of $16.87 and a 200 day moving average price of $17.24. The company has a market cap of $2.35 billion, a PE ratio of 4.47 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. The company had revenue of $113.29 million during the quarter, compared to analyst estimates of $111.98 million. On average, sell-side analysts predict that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 17.3%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 77.42%.

Analyst Ratings Changes

Several analysts have commented on ARR shares. UBS Group restated a “neutral” rating and issued a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. Weiss Ratings upgraded shares of ARMOUR Residential REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, JonesTrading lowered their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.50.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.