Capital Fund Management S.A. Grows Holdings in ARMOUR Residential REIT, Inc. (ARR)
Capital Fund Management S.A. boosted its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,158 shares of the real estate investment trust’s stock after purchasing an additional 5,800 shares during the period. Capital Fund Management S.A. owned about 0.12% of ARMOUR Residential REIT worth $1,204,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in ARR. IFP Advisors Inc increased its holdings in ARMOUR Residential REIT by 1.1% during the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in ARMOUR Residential REIT by 136.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,092 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 4,097 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in ARMOUR Residential REIT during the 2nd quarter worth about $212,000. Sei Investments Co. increased its holdings in ARMOUR Residential REIT by 197.2% during the 2nd quarter. Sei Investments Co. now owns 10,696 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 7,097 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in ARMOUR Residential REIT by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 11,643 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.
In related news, COO Mark Gruber acquired 2,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $25.33 per share, for a total transaction of $50,660.00. Following the completion of the acquisition, the chief operating officer now owns 15,619 shares of the company’s stock, valued at $395,629.27. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
A number of research firms have issued reports on ARR. ValuEngine upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Finally, TheStreet upgraded ARMOUR Residential REIT from a “d” rating to a “c” rating in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. ARMOUR Residential REIT currently has a consensus rating of “Buy” and a consensus target price of $24.50.
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ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at 26.40 on Friday. ARMOUR Residential REIT, Inc. has a 12-month low of $20.29 and a 12-month high of $27.60. The firm’s 50-day moving average price is $26.17 and its 200-day moving average price is $24.91. The company has a market cap of $1.09 billion, a PE ratio of 3.47 and a beta of 0.77.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. ARMOUR Residential REIT had a net margin of 114.11% and a return on equity of 9.26%. The firm had revenue of $39.06 million for the quarter, compared to analyst estimates of $34.53 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Equities research analysts forecast that ARMOUR Residential REIT, Inc. will post $2.67 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.28 annualized dividend and a dividend yield of 8.64%. ARMOUR Residential REIT’s dividend payout ratio is currently 30.00%.
ARMOUR Residential REIT Profile
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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