Northern Trust Corp Grows Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Northern Trust Corp grew its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 620,660 shares of the real estate investment trust’s stock after buying an additional 99,669 shares during the quarter. Northern Trust Corp owned 1.11% of ARMOUR Residential REIT worth $11,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new position in ARMOUR Residential REIT in the 4th quarter worth about $28,000. Sterling Capital Management LLC raised its position in ARMOUR Residential REIT by 927.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,596 shares during the last quarter. Russell Investments Group Ltd. raised its position in ARMOUR Residential REIT by 35.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 702 shares during the last quarter. KBC Group NV raised its position in ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,874 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in ARMOUR Residential REIT in the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $16.82 on Friday. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The company’s fifty day moving average price is $16.35 and its 200-day moving average price is $17.99. The company has a market capitalization of $1.37 billion, a PE ratio of -39.10 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analysts’ expectations of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. On average, research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a yield of 17.13%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -822.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ARR shares. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a “neutral” rating for the company. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Jones Trading reaffirmed a “hold” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Finally, Janney Montgomery Scott raised ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.50.

ARMOUR Residential REIT Company 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.