Vanguard Group Inc. Cuts Holdings in ARMOUR Residential REIT, Inc. $ARR

Vanguard Group Inc. reduced its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,950,174 shares of the real estate investment trust’s stock after selling 44,931 shares during the period. Vanguard Group Inc. owned 0.11% of ARMOUR Residential REIT worth $211,399,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ARR. Marshall Wace LLP raised its position in shares of ARMOUR Residential REIT by 365.7% in the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock worth $37,278,000 after buying an additional 1,959,447 shares during the period. Wolverine Asset Management LLC raised its holdings in ARMOUR Residential REIT by 570.6% in the third quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock valued at $12,680,000 after buying an additional 722,160 shares during the period. UBS Group AG raised its holdings in ARMOUR Residential REIT by 115.9% in the third quarter. UBS Group AG now owns 1,109,852 shares of the real estate investment trust’s stock valued at $16,581,000 after buying an additional 595,773 shares during the period. Invesco Ltd. raised its holdings in ARMOUR Residential REIT by 22.3% in the third quarter. Invesco Ltd. now owns 1,855,148 shares of the real estate investment trust’s stock valued at $27,716,000 after buying an additional 338,134 shares during the period. Finally, ORG Wealth Partners LLC purchased a new position in ARMOUR Residential REIT in the third quarter valued at approximately $4,706,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $17.62 on Friday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 9.18 and a beta of 1.39. The stock’s 50-day simple moving average is $17.24 and its 200-day simple moving average is $17.34.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The business had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. As a group, research analysts predict that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, May 15th will be given a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend is Friday, May 15th. ARMOUR Residential REIT’s payout ratio is presently 150.00%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group restated a “neutral” rating and issued a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. JonesTrading cut their price target on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and an average target price of $18.50.

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.