Intech Investment Management LLC Acquires New Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Intech Investment Management LLC acquired a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,798 shares of the real estate investment trust’s stock, valued at approximately $322,000.

Several other hedge funds have also recently added to or reduced their stakes in ARR. Quest Partners LLC acquired a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth $1,904,000. Simplify Asset Management Inc. increased its stake in shares of ARMOUR Residential REIT by 66.7% in the 3rd quarter. Simplify Asset Management Inc. now owns 25,000 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 10,000 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 7.8% in the 3rd quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 1,513 shares during the last quarter. US Bancorp DE increased its stake in shares of ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 5,058 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of ARMOUR Residential REIT by 67.8% in the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 555 shares during the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $19.08 on Thursday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.08 and a beta of 1.49. The stock’s 50-day simple moving average is $19.32 and its 200-day simple moving average is $19.77.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. On average, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.09%. The ex-dividend date is Monday, December 16th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

Insiders Place Their Bets

In related news, Director Robert C. Hain bought 2,500 shares of the stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. This trade represents a 38.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, ARMOUR Residential REIT currently has a consensus rating of “Hold” and a consensus target price of $19.83.

ARMOUR Residential REIT Profile

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.