ARMOUR Residential REIT, Inc. (ARR) Holdings Trimmed by Citigroup Inc.
Citigroup Inc. cut its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 58.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,927 shares of the real estate investment trust’s stock after selling 85,788 shares during the period. Citigroup Inc. owned about 0.15% of ARMOUR Residential REIT worth $1,523,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of ARMOUR Residential REIT by 1.1% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of ARMOUR Residential REIT by 136.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,092 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 4,097 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of ARMOUR Residential REIT in the 2nd quarter valued at $212,000. Sei Investments Co. increased its stake in shares of ARMOUR Residential REIT by 197.2% in the 2nd quarter. Sei Investments Co. now owns 10,696 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 7,097 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of ARMOUR Residential REIT by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 11,643 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 46.07% of the company’s stock.
Several brokerages recently weighed in on ARR. ValuEngine upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.50.
In other ARMOUR Residential REIT news, COO Mark Gruber purchased 2,000 shares of the stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $25.33 per share, with a total value of $50,660.00. Following the acquisition, the chief operating officer now directly owns 15,619 shares in the company, valued at approximately $395,629.27. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
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Shares of ARMOUR Residential REIT, Inc. (ARR) opened at 26.90 on Monday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 3.54 and a beta of 0.77. The company’s 50 day moving average is $26.23 and its 200 day moving average is $25.00. ARMOUR Residential REIT, Inc. has a one year low of $20.29 and a one year high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. ARMOUR Residential REIT had a return on equity of 9.26% and a net margin of 114.11%. The company had revenue of $39.06 million during the quarter, compared to analyst estimates of $34.53 million. During the same quarter last year, the company earned $0.63 earnings per share. Equities research analysts predict that ARMOUR Residential REIT, Inc. will post $2.67 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $2.28 dividend on an annualized basis and a yield of 8.48%. 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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