Simplicity Wealth LLC Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Simplicity Wealth LLC acquired a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 117,084 shares of the real estate investment trust’s stock, valued at approximately $2,002,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARR. Private Trust Co. NA purchased a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC raised its holdings in ARMOUR Residential REIT by 927.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,596 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 702 shares in the last quarter. KBC Group NV raised its holdings in ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 1,874 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in ARMOUR Residential REIT in the fourth quarter worth $75,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Up 1.1%

ARR stock opened at $16.77 on Wednesday. ARMOUR Residential REIT, Inc. has a twelve month low of $13.18 and a twelve month high of $21.93. The firm has a market cap of $1.37 billion, a PE ratio of -38.99 and a beta of 1.37. The business has a 50 day moving average of $15.79 and a 200 day moving average of $17.68.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. The firm had revenue of $75.29 million during the quarter, compared to analysts’ expectations of $18.59 million. On average, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 17.18%. The ex-dividend date is Monday, June 16th. ARMOUR Residential REIT’s dividend payout ratio is currently -822.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ARR. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a report on Monday, April 28th. Jones Trading reiterated a “hold” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.