Simplify Asset Management Inc. acquired a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 78,000 shares of the real estate investment trust’s stock, valued at approximately $1,380,000.
A number of other large investors have also modified their holdings of ARR. Royal Bank of Canada increased its holdings in shares of ARMOUR Residential REIT by 50.3% in the 1st quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after acquiring an additional 40,860 shares during the period. AQR Capital Management LLC increased its holdings in shares of ARMOUR Residential REIT by 26.1% in the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 2,980 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of ARMOUR Residential REIT by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after acquiring an additional 222,923 shares during the period. Intech Investment Management LLC increased its holdings in shares of ARMOUR Residential REIT by 189.5% in the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 60,371 shares during the period. Finally, Strs Ohio acquired a new stake in shares of ARMOUR Residential REIT in the 1st quarter worth about $181,000. Institutional investors and hedge funds own 54.17% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. UBS Group reiterated a “neutral” rating and issued a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Finally, JonesTrading decreased their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average target price of $18.50.
ARMOUR Residential REIT Stock Performance
NYSE ARR opened at $16.59 on Monday. The stock has a market capitalization of $2.06 billion, a P/E ratio of 8.64 and a beta of 1.39. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The business’s fifty day moving average is $17.06 and its two-hundred day moving average is $17.41.
ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. The business had revenue of $70.71 million during the quarter, compared to analyst estimates of $155.79 million. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%. On average, research analysts forecast that ARMOUR Residential REIT, Inc. will post 2.82 earnings per share for the current year.
ARMOUR Residential REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 17.4%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 150.00%.
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.
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