ARMOUR Residential REIT, Inc. $ARR Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 570.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 848,724 shares of the real estate investment trust’s stock after acquiring an additional 722,160 shares during the period. Wolverine Asset Management LLC owned 0.76% of ARMOUR Residential REIT worth $12,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in ARMOUR Residential REIT in the 3rd quarter valued at about $4,706,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ARMOUR Residential REIT during the second quarter valued at about $350,000. Rhumbline Advisers raised its stake in shares of ARMOUR Residential REIT by 42.1% in the 2nd quarter. Rhumbline Advisers now owns 268,293 shares of the real estate investment trust’s stock valued at $4,510,000 after acquiring an additional 79,501 shares during the period. Inceptionr LLC lifted its holdings in shares of ARMOUR Residential REIT by 121.9% in the 2nd quarter. Inceptionr LLC now owns 30,288 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 16,638 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of ARMOUR Residential REIT by 203.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 32,402 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 21,734 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARR. Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Jones Trading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective for the company in a research note on Friday. Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Compass Point began coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They issued a “buy” rating and a $18.50 target price for the company. Finally, UBS Group reissued a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.33.

ARMOUR Residential REIT Stock Down 0.2%

Shares of NYSE:ARR opened at $18.82 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $19.25. The firm’s 50 day moving average price is $17.37 and its 200 day moving average price is $16.33. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 470.58 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The firm had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter in the previous year, the business posted $1.00 earnings per share. On average, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 15.3%. The ex-dividend date of this dividend is Thursday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Insider Activity at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 6,833 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total transaction of $123,403.98. Following the sale, the director owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. This trade represents a 87.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

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.