Independent Financial Group LLC Makes New $1.46 Million Investment in ARMOUR Residential REIT, Inc. $ARR

Independent Financial Group LLC acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 87,425 shares of the real estate investment trust’s stock, valued at approximately $1,458,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in ARMOUR Residential REIT by 50.3% in the 1st quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after buying an additional 40,860 shares in the last quarter. AQR Capital Management LLC lifted its stake in ARMOUR Residential REIT by 26.1% during the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 2,980 shares during the period. Goldman Sachs Group Inc. lifted its stake in ARMOUR Residential REIT by 38.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock valued at $13,800,000 after acquiring an additional 222,923 shares during the period. Intech Investment Management LLC boosted its holdings in shares of ARMOUR Residential REIT by 189.5% during the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock valued at $1,577,000 after acquiring an additional 60,371 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of ARMOUR Residential REIT during the 1st quarter valued at about $181,000. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Price Performance

ARR opened at $16.62 on Monday. The company has a 50 day simple moving average of $17.01 and a two-hundred day simple moving average of $17.41. The firm has a market cap of $2.06 billion, a P/E ratio of 8.66 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 1-year low of $13.98 and a 1-year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $155.79 million. Equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.82 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 30th. Investors of record on Wednesday, July 15th will be given a $0.24 dividend. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date is Wednesday, July 15th. ARMOUR Residential REIT’s payout ratio is currently 150.00%.

Analysts Set New Price Targets

A number of research firms have commented on ARR. UBS Group reaffirmed a “neutral” rating and issued a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, June 17th. JonesTrading dropped their price target on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.