16,619 Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR) Bought by State of Wyoming

State of Wyoming bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the fourth quarter, Holdings Channel.com reports. The firm bought 16,619 shares of the real estate investment trust’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARR. Barclays PLC raised its stake in ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 93,397 shares during the last quarter. JPMorgan Chase & Co. raised its stake in ARMOUR Residential REIT by 70.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust’s stock worth $1,448,000 after acquiring an additional 29,306 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in ARMOUR Residential REIT by 75.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 52,478 shares of the real estate investment trust’s stock worth $990,000 after acquiring an additional 22,500 shares during the last quarter. KBC Group NV raised its stake in ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in ARMOUR Residential REIT by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 2,253 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $15.97 on Thursday. The stock has a 50-day simple moving average of $16.22 and a two-hundred day simple moving average of $17.94. The firm has a market capitalization of $1.31 billion, a P/E ratio of -37.13 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. As a group, analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 18.04%. The ex-dividend date is Thursday, May 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -822.86%.

Analysts Set New Price Targets

ARR has been the subject of a number of research analyst reports. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. BTIG Research began coverage on ARMOUR Residential REIT in a research note on Monday, February 10th. They set a “neutral” rating for the company. Jones Trading reiterated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Finally, Janney Montgomery Scott upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.