Bank of New York Mellon Corp lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 4.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,935 shares of the real estate investment trust’s stock after acquiring an additional 8,568 shares during the period. Bank of New York Mellon Corp owned 0.45% of ARMOUR Residential REIT worth $4,649,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of 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 valued at $162,000 after acquiring an additional 69 shares during the period. Sei Investments Co. lifted its position in shares of 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 valued at $268,000 after acquiring an additional 7,097 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of ARMOUR Residential REIT during the 2nd quarter valued at $298,000. Aperio Group LLC acquired a new position in shares of ARMOUR Residential REIT during the 2nd quarter valued at $311,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of ARMOUR Residential REIT during the 2nd quarter valued at $480,000. Institutional investors own 46.07% of the company’s stock.

In other news, COO Mark Gruber acquired 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $25.33 per share, with a total value of $50,660.00. Following the completion of the transaction, the chief operating officer now owns 15,619 shares of the company’s stock, valued at approximately $395,629.27. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/06/bank-of-new-york-mellon-corp-grows-position-in-armour-residential-reit-inc-arr.html.

ARMOUR Residential REIT, Inc. (ARR) opened at 27.02 on Friday. ARMOUR Residential REIT, Inc. has a 12-month low of $20.29 and a 12-month high of $27.60. The firm has a market cap of $1.11 billion, a P/E ratio of 3.55 and a beta of 0.77. The firm’s 50-day moving average is $26.53 and its 200 day moving average is $25.37.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $39.06 million during the quarter, compared to analyst estimates of $34.53 million. ARMOUR Residential REIT had a return on equity of 9.26% and a net margin of 114.11%. During the same quarter last year, the firm posted $0.63 earnings per share. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post $2.67 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 16th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Friday, October 13th. ARMOUR Residential REIT’s dividend payout ratio is currently 30.00%.

A number of research analysts recently issued reports on ARR shares. BidaskClub downgraded shares of ARMOUR Residential REIT from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

About ARMOUR Residential REIT

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).

Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

Receive News & Stock Ratings for ARMOUR Residential REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT Inc. and related stocks with our FREE daily email newsletter.