ORG Wealth Partners LLC Takes $4.71 Million Position in ARMOUR Residential REIT, Inc. $ARR

ORG Wealth Partners LLC bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 315,000 shares of the real estate investment trust’s stock, valued at approximately $4,706,000. ARMOUR Residential REIT accounts for about 1.1% of ORG Wealth Partners LLC’s portfolio, making the stock its 13th largest position. ORG Wealth Partners LLC owned 0.34% of ARMOUR Residential REIT as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of 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 period. Amalgamated Bank boosted its position in ARMOUR Residential REIT by 6.1% in the second quarter. Amalgamated Bank now owns 22,403 shares of the real estate investment trust’s stock valued at $377,000 after buying an additional 1,279 shares during the last quarter. Fifth Third Bancorp increased its holdings in ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,425 shares during the period. Russell Investments Group Ltd. increased its holdings in ARMOUR Residential REIT by 80.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 1,471 shares during the period. Finally, Allworth Financial LP raised its position in ARMOUR Residential REIT by 139.1% during the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Compass Point began coverage on shares of ARMOUR Residential REIT in a report on Monday, December 15th. They issued a “buy” rating and a $18.50 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Finally, Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.25.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total value of $123,403.98. Following the sale, the director directly owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. This trade represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $18.10 on Friday. The company has a market capitalization of $2.02 billion, a PE ratio of 452.38 and a beta of 1.44. The company’s fifty day moving average price is $17.19 and its 200 day moving average price is $16.27. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $19.25.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 15.9%. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

ARMOUR Residential REIT Company 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.