Schwab Charles Investment Management Inc. boosted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,272 shares of the real estate investment trust’s stock after buying an additional 19,167 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ARMOUR Residential REIT were worth $5,460,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp lifted its holdings in ARMOUR Residential REIT by 4.5% during the 2nd quarter. State Street Corp now owns 819,433 shares of the real estate investment trust’s stock worth $20,483,000 after buying an additional 35,592 shares during the period. Bank of New York Mellon Corp lifted its holdings in ARMOUR Residential REIT by 170.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 502,226 shares of the real estate investment trust’s stock worth $13,511,000 after buying an additional 316,291 shares during the period. Ameriprise Financial Inc. lifted its holdings in ARMOUR Residential REIT by 450.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 409,897 shares of the real estate investment trust’s stock worth $11,027,000 after buying an additional 335,434 shares during the period. JPMorgan Chase & Co. lifted its holdings in ARMOUR Residential REIT by 30,665.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 378,411 shares of the real estate investment trust’s stock worth $10,141,000 after buying an additional 377,181 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in ARMOUR Residential REIT during the 3rd quarter worth about $8,366,000. 60.32% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Monday, January 1st.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. ARMOUR Residential REIT had a return on equity of 12.51% and a net margin of 65.90%. During the same period in the prior year, the business posted $0.71 EPS. equities research analysts predict that ARMOUR Residential REIT, Inc. will post 2.75 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 15th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date is Wednesday, March 14th. ARMOUR Residential REIT’s dividend payout ratio is 45.06%.
In other ARMOUR Residential REIT news, CEO Jeffrey J. Zimmer acquired 6,500 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were bought at an average cost of $22.52 per share, with a total value of $146,380.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Mark Gruber acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $22.70 per share, for a total transaction of $45,400.00. Following the completion of the purchase, the chief operating officer now directly owns 22,300 shares in the company, valued at $506,210. The disclosure for this purchase can be found here. Insiders bought a total of 12,500 shares of company stock worth $283,740 over the last three months. 1.50% of the stock is owned by company insiders.
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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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