ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 338,652 shares of the real estate investment trust’s stock after buying an additional 6,509 shares during the period. Bank of New York Mellon Corp’s holdings in ARMOUR Residential REIT were worth $6,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. LifePro Asset Management acquired a new stake in shares of ARMOUR Residential REIT in the second quarter valued at about $2,035,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of ARMOUR Residential REIT in the first quarter valued at about $1,549,000. Nisa Investment Advisors LLC grew its holdings in shares of ARMOUR Residential REIT by 39.9% in the second quarter. Nisa Investment Advisors LLC now owns 49,140 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 14,013 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of ARMOUR Residential REIT by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 561 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of ARMOUR Residential REIT by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,707 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of ARR stock opened at $20.59 on Thursday. The firm has a market cap of $1.00 billion, a PE ratio of -28.60 and a beta of 1.50. The company has a 50-day moving average of $20.35 and a two-hundred day moving average of $19.55. ARMOUR Residential REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $24.85.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The business had revenue of $129.93 million during the quarter, compared to analyst estimates of $28.47 million. Sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 13.99%. The ex-dividend date is Monday, September 16th. ARMOUR Residential REIT’s payout ratio is -400.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARR. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. B. Riley upped their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott initiated coverage on shares of ARMOUR Residential REIT in a report on Thursday, June 6th. They issued a “neutral” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.83.

About ARMOUR Residential REIT

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.