Wolverine Asset Management LLC Boosts Holdings in ARMOUR Residential REIT, Inc. $ARR

Wolverine Asset Management LLC increased its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 570.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,724 shares of the real estate investment trust’s stock after acquiring an additional 722,160 shares during the quarter. Wolverine Asset Management LLC’s holdings in ARMOUR Residential REIT were worth $12,680,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of ARMOUR Residential REIT by 184.3% during the second quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares in the last quarter. Allworth Financial LP boosted its position in shares of ARMOUR Residential REIT by 139.1% in the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,556 shares during the period. Raymond James Financial Inc. purchased a new position in ARMOUR Residential REIT during the 2nd quarter worth approximately $55,000. Russell Investments Group Ltd. increased its position in ARMOUR Residential REIT by 80.9% during the second 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, Spire Wealth Management lifted its stake in ARMOUR Residential REIT by 311.2% in the second quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,564 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of ARMOUR Residential REIT stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total transaction of $123,403.98. Following the completion of the transaction, the director owned 1,010 shares in the company, valued at approximately $18,240.60. The trade was a 87.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $18.82 on Friday. The stock has a market capitalization of $2.11 billion, a PE ratio of 470.58 and a beta of 1.44. The company has a fifty day moving average of $17.37 and a 200-day moving average of $16.33. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $19.25.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data 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). 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 analyst estimates of $63.25 million. During the same quarter in the previous year, the business earned $1.00 EPS. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company 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 is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ARR shares. Jones Trading upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 target price on the stock in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research lowered shares of ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Compass Point started coverage on shares of ARMOUR Residential REIT in a research note on Monday, December 15th. They set a “buy” rating and a $18.50 target price for the company. Finally, UBS Group reissued a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

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.