Simplify Asset Management Inc. Makes New $1.38 Million Investment in ARMOUR Residential REIT, Inc. $ARR

Simplify Asset Management Inc. acquired a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 78,000 shares of the real estate investment trust’s stock, valued at approximately $1,380,000. Simplify Asset Management Inc. owned 0.07% of ARMOUR Residential REIT as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ARR. Quarry LP grew its stake in ARMOUR Residential REIT by 620.6% during the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares during the period. GAMMA Investing LLC boosted its stake in shares of ARMOUR Residential REIT by 217.5% in the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,179 shares during the period. Signaturefd LLC boosted its stake in shares of ARMOUR Residential REIT by 210.9% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,198 shares during the period. Allworth Financial LP boosted its stake in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 685 shares during the period. Finally, Danske Bank A S purchased a new position in shares of ARMOUR Residential REIT in the third quarter valued at $42,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $16.59 on Monday. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 8.64 and a beta of 1.39. ARMOUR Residential REIT, Inc. has a 1-year low of $13.98 and a 1-year high of $19.31. The company’s fifty day moving average is $17.06 and its two-hundred day moving average is $17.41.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.4%. The ex-dividend date of this dividend is Friday, May 15th. ARMOUR Residential REIT’s dividend payout ratio is 150.00%.

Wall Street Analyst Weigh In

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

About ARMOUR Residential REIT

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.