Rhumbline Advisers Has $2.90 Million Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Rhumbline Advisers boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,834 shares of the real estate investment trust’s stock after buying an additional 6,088 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of ARMOUR Residential REIT worth $2,904,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in ARMOUR Residential REIT by 74.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,050 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of ARMOUR Residential REIT in the second quarter valued at $99,000. Parisi Gray Wealth Management grew its holdings in shares of ARMOUR Residential REIT by 6.0% during the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 900 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth about $431,000. Finally, BNP Paribas Financial Markets bought a new position in shares of ARMOUR Residential REIT in the first quarter valued at approximately $525,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Trading Up 0.2 %

ARR opened at $20.69 on Thursday. ARMOUR Residential REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $24.85. The business’s 50-day moving average price is $20.47 and its 200-day moving average price is $19.61. The company has a market cap of $1.01 billion, a P/E ratio of -28.74 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.09. The business 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 research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

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 given a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 13.92%. ARMOUR Residential REIT’s dividend payout ratio is currently -400.00%.

Analyst Ratings Changes

ARR has been the topic of several recent analyst reports. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Janney Montgomery Scott started coverage on ARMOUR Residential REIT in a report on Thursday, June 6th. They set a “neutral” rating and a $20.00 price target on the stock. B. Riley upped their price objective on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.83.

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.