Ameriprise Financial Inc. grew its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 450.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 409,897 shares of the real estate investment trust’s stock after acquiring an additional 335,434 shares during the quarter. Ameriprise Financial Inc. owned 0.98% of ARMOUR Residential REIT worth $11,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ARR. BlackRock Inc. boosted its holdings in shares of ARMOUR Residential REIT by 5.8% in the 2nd quarter. BlackRock Inc. now owns 3,626,651 shares of the real estate investment trust’s stock worth $90,666,000 after purchasing an additional 198,425 shares during the period. Vanguard Group Inc. boosted its holdings in shares of ARMOUR Residential REIT by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,220,482 shares of the real estate investment trust’s stock worth $80,512,000 after purchasing an additional 143,749 shares during the period. Global X MANAGEMENT CO LLC boosted its holdings in shares of ARMOUR Residential REIT by 5.6% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 889,951 shares of the real estate investment trust’s stock worth $23,940,000 after purchasing an additional 47,313 shares during the period. State Street Corp boosted its holdings in shares of ARMOUR Residential REIT by 4.5% in the 2nd quarter. State Street Corp now owns 819,433 shares of the real estate investment trust’s stock worth $20,483,000 after purchasing an additional 35,592 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of ARMOUR Residential REIT by 2.3% in the 2nd quarter. Renaissance Technologies LLC now owns 560,121 shares of the real estate investment trust’s stock worth $14,003,000 after purchasing an additional 12,803 shares during the period. 58.19% of the stock is currently owned by institutional investors and hedge funds.

In other ARMOUR Residential REIT news, COO Mark Gruber acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $25.38 per share, for a total transaction of $101,520.00. Following the acquisition, the chief operating officer now directly owns 19,958 shares in the company, valued at $506,534.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $25.19 on Wednesday. The company has a market capitalization of $1,083.14, a P/E ratio of 9.31 and a beta of 0.73. ARMOUR Residential REIT, Inc. has a 1-year low of $20.81 and a 1-year high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. The firm had revenue of $39.64 million during the quarter, compared to analysts’ expectations of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter in the previous year, the business earned $0.68 EPS. analysts expect that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date of this dividend is Thursday, December 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 45.06%.

A number of brokerages have recently commented on ARR. Zacks Investment Research upgraded ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, October 31st. ValuEngine upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.

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

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