Creative Planning lowered its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,859 shares of the real estate investment trust’s stock after selling 12,106 shares during the period. Creative Planning owned about 0.28% of ARMOUR Residential REIT worth $2,597,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. American International Group Inc. raised its stake in ARMOUR Residential REIT by 7.0% in the first quarter. American International Group Inc. now owns 22,617 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 1,482 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of ARMOUR Residential REIT during the first quarter worth about $1,867,000. Van ECK Associates Corp increased its position in shares of ARMOUR Residential REIT by 11.1% in the first quarter. Van ECK Associates Corp now owns 146,189 shares of the real estate investment trust’s stock worth $3,320,000 after buying an additional 14,574 shares during the period. Thrivent Financial For Lutherans purchased a new position in shares of ARMOUR Residential REIT during the first quarter worth about $1,336,000. Finally, AQR Capital Management LLC purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $402,000. 42.74% of the stock is currently owned by hedge funds and other institutional investors.
ARMOUR Residential REIT, Inc. (NYSE:ARR) traded up 0.54% on Tuesday, reaching $25.93. 434,468 shares of the company’s stock traded hands. ARMOUR Residential REIT, Inc. has a 12 month low of $20.29 and a 12 month high of $27.60. The company has a market cap of $1.07 billion, a PE ratio of 3.41 and a beta of 0.78. The firm’s 50 day moving average price is $25.69 and its 200 day moving average price is $23.95.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $39.06 million during the quarter, compared to analyst estimates of $34.53 million. ARMOUR Residential REIT had a return on equity of 9.26% and a net margin of 114.11%. During the same quarter last year, the firm posted $0.63 earnings per share. On average, equities analysts expect that ARMOUR Residential REIT, Inc. will post $2.68 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, August 28th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 8.79%. The ex-dividend date of this dividend is Friday, August 11th. ARMOUR Residential REIT’s dividend payout ratio is currently 30.00%.
A number of research analysts have recently issued reports on ARR shares. TheStreet upgraded shares of ARMOUR Residential REIT from a “d” rating to a “c” rating in a research report on Wednesday, May 24th. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded shares of ARMOUR Residential REIT from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. ARMOUR Residential REIT currently has a consensus rating of “Hold” and a consensus price target of $21.75.
In other news, COO Mark Gruber acquired 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $25.33 per share, with a total value of $50,660.00. Following the completion of the transaction, the chief operating officer now owns 15,619 shares of the company’s stock, valued at approximately $395,629.27. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
ARMOUR Residential REIT Company Profile
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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