AQR Capital Management LLC Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

AQR Capital Management LLC bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the second quarter, HoldingsChannel.com reports. The fund bought 19,767 shares of the real estate investment trust’s stock, valued at approximately $383,000.

Other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of ARMOUR Residential REIT during the 4th quarter valued at $431,000. BNP Paribas Financial Markets bought a new position in ARMOUR Residential REIT during the 1st quarter valued at about $525,000. Texas Permanent School Fund Corp grew its holdings in ARMOUR Residential REIT by 1.3% during the 1st 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 last quarter. Susquehanna Fundamental Investments LLC bought a new position in ARMOUR Residential REIT in the 1st quarter worth about $1,549,000. Finally, Price T Rowe Associates Inc. MD grew its stake in ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 1,707 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

Insider Transactions at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of ARMOUR Residential REIT stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, B. Riley increased their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus price target of $19.83.

ARMOUR Residential REIT Price Performance

NYSE:ARR opened at $19.64 on Wednesday. The firm has a market capitalization of $957.25 million, a P/E ratio of -27.27 and a beta of 1.50. ARMOUR Residential REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $21.93. The company’s fifty day moving average price is $20.23 and its 200-day moving average price is $19.71.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results 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. The company had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. Equities 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 declared a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 14.67%. The ex-dividend date is Tuesday, October 15th. ARMOUR Residential REIT’s dividend payout ratio is currently -400.00%.

ARMOUR Residential REIT 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.