ARMOUR Residential REIT, Inc. $ARR Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 42.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 268,293 shares of the real estate investment trust’s stock after buying an additional 79,501 shares during the quarter. Rhumbline Advisers’ holdings in ARMOUR Residential REIT were worth $4,510,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock worth $136,513,000 after acquiring an additional 1,937,070 shares during the period. Millennium Management LLC raised its holdings in ARMOUR Residential REIT by 17,311.3% in the 1st quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock worth $34,540,000 after purchasing an additional 2,008,287 shares during the period. Geode Capital Management LLC boosted its position in ARMOUR Residential REIT by 27.7% during the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock worth $33,092,000 after purchasing an additional 426,536 shares in the last quarter. Invesco Ltd. grew its holdings in ARMOUR Residential REIT by 4.3% in the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after purchasing an additional 69,618 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ARMOUR Residential REIT by 165.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,829 shares of the real estate investment trust’s stock valued at $15,917,000 after purchasing an additional 580,684 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

Shares of ARR stock opened at $17.57 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $19.64. The stock’s fifty day moving average is $16.31 and its two-hundred day moving average is $16.08. The firm has a market capitalization of $1.97 billion, a P/E ratio of 439.25 and a beta of 1.45.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter last year, the company earned $1.00 earnings per share. On average, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date of this dividend is Monday, December 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 7,200.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.00.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.