1 week Ago By Defense World Staff
Russell Investments Group Ltd. boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) by 35.
2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,695 shares of the real estate investment trust’s stock after acquiring an additional 702 shares during the period. Russell Investments Group Ltd.
’s holdings in ARMOUR Residential REIT were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors have also added to or reduced their stakes in ARR. Kovack Advisors Inc.
boosted its stake in shares of ARMOUR Residential REIT by 4.8% during the fourth quarter. Kovack Advisors Inc.
now owns 21,861 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 1,003 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in ARMOUR Residential REIT by 14.2% during the 4th quarter.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 1,481 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at $28,000.
Oregon Public Employees Retirement Fund raised its position in shares of ARMOUR Residential REIT by 13.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 1,600 shares in the last quarter.
Finally, Amalgamated Bank lifted its stake in shares of ARMOUR Residential REIT by 11.6% during the 4th quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 1,679 shares during the last quarter.
Hedge funds and other institutional investors own 54.17% of the company’s stock. ARMOUR Residential REIT Trading Up 4.
6 %NYSE ARR opened at $16.00 on Friday. ARMOUR Residential REIT, Inc.
has a 12-month low of $13.18 and a 12-month high of $21.93.
The company has a fifty day simple moving average of $17.02 and a two-hundred day simple moving average of $18.30.
The stock has a market cap of $1.31 billion, a P/E ratio of -37.21 and a beta of 1.
23. ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last issued its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.
86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05.
The company had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million.
ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%.
As a group, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.
ARMOUR Residential REIT Dividend AnnouncementThe firm also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.24 dividend.
The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 annualized dividend and a yield of 18.
00%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -822.86%.
Analyst Ratings ChangesA number of equities analysts have commented on the stock. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th.
JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating on the stock.
B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, Jones Trading restated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday.
One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.50.
Get Our Latest Research Report on ARRARMOUR Residential REIT Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than ARMOUR Residential REITStock Ratings and Recommendations: Understanding Analyst RatingsMarkets Think Robinhood Earnings Could Send the Stock UpConsumer Staples Stocks, ExplainedChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?With Risk Tolerance, One Size Does Not Fit AllAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
