Yousif Capital Management LLC Cuts Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Yousif Capital Management LLC cut its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 81.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,187 shares of the real estate investment trust’s stock after selling 109,595 shares during the period. Yousif Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in ARMOUR Residential REIT by 22.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,455,027 shares of the real estate investment trust’s stock worth $6,184,000 after acquiring an additional 270,192 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of ARMOUR Residential REIT in the third quarter worth $241,000. Rhumbline Advisers lifted its holdings in shares of ARMOUR Residential REIT by 18.5% during the third quarter. Rhumbline Advisers now owns 660,713 shares of the real estate investment trust’s stock valued at $2,808,000 after purchasing an additional 103,248 shares in the last quarter. Invesco Ltd. boosted its position in shares of ARMOUR Residential REIT by 93.5% during the third quarter. Invesco Ltd. now owns 7,011,244 shares of the real estate investment trust’s stock valued at $29,798,000 after buying an additional 3,387,825 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in ARMOUR Residential REIT by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,231,061 shares of the real estate investment trust’s stock worth $5,232,000 after buying an additional 119,460 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $19.02 on Monday. ARMOUR Residential REIT, Inc. has a one year low of $13.31 and a one year high of $27.00. The stock has a fifty day moving average of $18.99 and a 200 day moving average of $18.47. The stock has a market cap of $927.23 million, a PE ratio of -26.42 and a beta of 1.48.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%. The business had revenue of $141.48 million during the quarter, compared to the consensus estimate of $39.60 million. As a group, sell-side analysts predict that ARMOUR Residential REIT, Inc. will post 3.46 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.88 annualized dividend and a yield of 15.14%. ARMOUR Residential REIT’s payout ratio is presently -399.99%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ARR. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

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.