Sterling Capital Management LLC boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,207 shares of the real estate investment trust’s stock after acquiring an additional 6,452 shares during the quarter. Sterling Capital Management LLC owned about 0.11% of ARMOUR Residential REIT worth $1,037,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ARR. Commonwealth Equity Services LLC increased its position in shares of ARMOUR Residential REIT by 7.8% in the second quarter. Commonwealth Equity Services LLC now owns 33,110 shares of the real estate investment trust’s stock valued at $755,000 after buying an additional 2,382 shares in the last quarter. Rhumbline Advisers increased its position in shares of ARMOUR Residential REIT by 2.7% in the second quarter. Rhumbline Advisers now owns 101,011 shares of the real estate investment trust’s stock valued at $2,304,000 after buying an additional 2,608 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of ARMOUR Residential REIT by 12.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 28,635 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 3,280 shares in the last quarter. Legal & General Group Plc increased its position in shares of ARMOUR Residential REIT by 5.0% in the second quarter. Legal & General Group Plc now owns 90,317 shares of the real estate investment trust’s stock valued at $2,061,000 after buying an additional 4,330 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of ARMOUR Residential REIT by 1.5% in the first quarter. Allianz Asset Management GmbH now owns 312,549 shares of the real estate investment trust’s stock valued at $7,276,000 after buying an additional 4,582 shares in the last quarter. Hedge funds and other institutional investors own 55.06% of the company’s stock.

A number of brokerages have recently weighed in on ARR. ValuEngine upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded ARMOUR Residential REIT from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Wednesday, October 31st. Finally, Barclays set a $21.00 price target on ARMOUR Residential REIT and gave the company a “sell” rating in a research report on Saturday, July 28th.

Shares of ARR stock opened at $22.60 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $20.15 and a fifty-two week high of $26.50. The firm has a market capitalization of $954.67 million, a PE ratio of 8.63 and a beta of 0.60.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. ARMOUR Residential REIT had a return on equity of 9.85% and a net margin of 50.37%. The business had revenue of $57.06 million during the quarter. As a group, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 2.6 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 27th. Investors of record on Thursday, November 15th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date of this dividend is Wednesday, November 14th. ARMOUR Residential REIT’s dividend payout ratio is presently 87.02%.

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About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

See Also: Bear Market

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

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