ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 486.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814,009 shares of the real estate investment trust’s stock after buying an additional 675,259 shares during the period. Ameriprise Financial Inc. owned about 1.46% of ARMOUR Residential REIT worth $15,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westbourne Investments Inc. purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $383,000. Freestone Grove Partners LP purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $1,344,000. Northern Trust Corp grew its holdings in shares of ARMOUR Residential REIT by 19.1% during the fourth quarter. Northern Trust Corp now owns 620,660 shares of the real estate investment trust’s stock worth $11,706,000 after purchasing an additional 99,669 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $2,296,000. Finally, Nebula Research & Development LLC purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $818,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have 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. Jones Trading reissued a “hold” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott raised ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a report on Monday, April 28th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, BTIG Research began coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ARMOUR Residential REIT has an average rating of “Hold” and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Up 0.3%

NYSE ARR opened at $16.82 on Friday. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $21.93. The business’s 50-day moving average price is $16.35 and its 200 day moving average price is $17.98. The firm has a market cap of $1.37 billion, a P/E ratio of -39.10 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. The company had revenue of $75.29 million for the quarter, compared to analyst estimates of $18.59 million. As a group, analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

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

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.