Two Sigma Investments LP Trims Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Two Sigma Investments LP decreased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 89.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,239 shares of the real estate investment trust’s stock after selling 324,129 shares during the period. Two Sigma Investments LP owned 0.07% of ARMOUR Residential REIT worth $759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARR. Barclays PLC raised its stake in ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 93,397 shares during the period. Norges Bank purchased a new position in ARMOUR Residential REIT during the fourth quarter worth approximately $2,619,000. Proficio Capital Partners LLC purchased a new position in ARMOUR Residential REIT during the fourth quarter worth approximately $419,000. Van ECK Associates Corp raised its stake in ARMOUR Residential REIT by 36.7% during the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust’s stock worth $8,485,000 after purchasing an additional 120,718 shares during the period. Finally, Intech Investment Management LLC raised its stake in ARMOUR Residential REIT by 101.7% during the fourth quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 16,068 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analyst Weigh In

ARR has been the topic of a number of recent analyst reports. Jones Trading reaffirmed a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a “neutral” rating on the stock. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

ARMOUR Residential REIT Stock Up 0.2%

ARMOUR Residential REIT stock opened at $16.57 on Friday. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $21.93. The firm has a fifty day moving average of $15.79 and a 200-day moving average of $17.71. The firm has a market capitalization of $1.35 billion, a P/E ratio of -38.53 and a beta of 1.37.

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 analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. On average, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 17.38%. The ex-dividend date is Monday, June 16th. ARMOUR Residential REIT’s payout ratio is -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.