Guggenheim Capital LLC Reduces Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Guggenheim Capital LLC trimmed its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,517 shares of the real estate investment trust’s stock after selling 2,050 shares during the quarter. Guggenheim Capital LLC’s holdings in ARMOUR Residential REIT were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth approximately $28,000. Sterling Capital Management LLC raised its position in shares of ARMOUR Residential REIT by 927.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,596 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 702 shares in the last quarter. McIlrath & Eck LLC purchased a new position in ARMOUR Residential REIT during the 3rd quarter valued at about $61,000. Finally, KBC Group NV grew its stake in shares of 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 buying an additional 1,874 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ARR has been the topic of a number of analyst reports. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a “neutral” rating on the stock. Jones Trading reiterated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Up 4.6 %

ARR opened at $16.00 on Friday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -37.21 and a beta of 1.23. The firm has a 50 day moving average price of $17.02 and a 200-day moving average price of $18.30. ARMOUR Residential REIT, Inc. has a twelve month low of $13.18 and a twelve month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results 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. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. The business had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. As a group, analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 annualized dividend and a yield of 18.00%. ARMOUR Residential REIT’s payout ratio is -822.86%.

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.