Segall Bryant & Hamill LLC Acquires Shares of 57,554 ARMOUR Residential REIT, Inc. $ARR

Segall Bryant & Hamill LLC bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,554 shares of the real estate investment trust’s stock, valued at approximately $960,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARR. McIlrath & Eck LLC increased its position in ARMOUR Residential REIT by 161.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,931 shares during the period. Bank of America Corp DE lifted its position in ARMOUR Residential REIT by 41.5% during the 1st quarter. Bank of America Corp DE now owns 185,490 shares of the real estate investment trust’s stock worth $3,094,000 after acquiring an additional 54,381 shares during the period. Strait & Sound Wealth Management LLC purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at approximately $1,224,000. California State Teachers Retirement System grew its stake in shares of ARMOUR Residential REIT by 37.2% in the 1st quarter. California State Teachers Retirement System now owns 147,955 shares of the real estate investment trust’s stock valued at $2,468,000 after purchasing an additional 40,134 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of ARMOUR Residential REIT by 3.3% in the first quarter. The Manufacturers Life Insurance Company now owns 50,103 shares of the real estate investment trust’s stock valued at $836,000 after purchasing an additional 1,612 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ARR shares. Weiss Ratings upgraded ARMOUR Residential REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. UBS Group restated a “neutral” rating and set a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Finally, JonesTrading lowered their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of “Hold” and an average price target of $18.50.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock opened at $16.62 on Thursday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The business has a 50 day moving average price of $16.87 and a 200 day moving average price of $17.24. The company has a market capitalization of $2.35 billion, a P/E ratio of 4.47 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%.The firm had revenue of $113.29 million for the quarter, compared to analysts’ expectations of $111.98 million. As a group, research analysts expect that ARMOUR Residential REIT, Inc. will post 2.93 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 17th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 17.3%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 77.42%.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.