Intech Investment Management LLC Has $764,000 Holdings in ARMOUR Residential REIT, Inc. $ARR

Intech Investment Management LLC lessened its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 46.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,175 shares of the real estate investment trust’s stock after selling 38,099 shares during the quarter. Intech Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of ARMOUR Residential REIT by 618.7% in the fourth quarter. AlphaQuest LLC now owns 109,730 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 94,462 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of ARMOUR Residential REIT by 359.2% in the fourth quarter. Hantz Financial Services Inc. now owns 7,039 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 5,506 shares during the period. Simplify Asset Management Inc. acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at approximately $1,380,000. ProShare Advisors LLC boosted its holdings in shares of ARMOUR Residential REIT by 4.7% in the fourth quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 988 shares during the period. Finally, Stephens Inc. AR boosted its holdings in shares of ARMOUR Residential REIT by 5.0% in the fourth quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 915 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Down 2.4%

NYSE ARR opened at $16.70 on Tuesday. The firm’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $17.44. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The firm has a market capitalization of $2.07 billion, a P/E ratio of 8.70 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. The firm had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. On average, research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Monday, June 15th. ARMOUR Residential REIT’s dividend payout ratio is 150.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on ARR. JonesTrading reduced their price target on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wall Street Zen cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group reiterated a “neutral” rating and issued a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Finally, Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ARMOUR Residential REIT has an average rating of “Hold” and an average target price of $18.50.

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.