UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 42.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,029 shares of the real estate investment trust’s stock after purchasing an additional 32,351 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of ARMOUR Residential REIT worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of ARMOUR Residential REIT during the third quarter valued at $1,904,000. TrueMark Investments LLC purchased a new stake in shares of ARMOUR Residential REIT during the 2nd quarter valued at about $1,692,000. Susquehanna Fundamental Investments LLC grew its stake in shares of ARMOUR Residential REIT by 76.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock worth $2,677,000 after acquiring an additional 59,791 shares during the period. Van ECK Associates Corp raised its holdings in shares of ARMOUR Residential REIT by 15.8% during the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after purchasing an additional 47,735 shares during the last quarter. Finally, LifePro Asset Management raised its holdings in shares of ARMOUR Residential REIT by 34.7% during the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock valued at $2,885,000 after purchasing an additional 36,439 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Insider Activity

In other news, Director Robert C. Hain bought 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now owns 9,023 shares in the company, valued at $172,158.84. This represents a 38.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Daniel C. Staton purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the purchase, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Trading Down 0.4 %

Shares of NYSE ARR opened at $19.38 on Monday. ARMOUR Residential REIT, Inc. has a 12-month low of $17.35 and a 12-month high of $21.93. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.21 and a beta of 1.49. The firm has a 50 day moving average of $19.22 and a 200 day moving average of $19.80.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly 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. The business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. Sell-side analysts predict that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 14.86%. The ex-dividend date of this dividend is Monday, December 16th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 122.03%.

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.