Wealth Enhancement Advisory Services LLC Invests $190,000 in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Wealth Enhancement Advisory Services LLC purchased a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,099 shares of the real estate investment trust’s stock, valued at approximately $190,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of ARMOUR Residential REIT by 35.2% in the fourth 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. Summit Investment Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 777 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 4.8% in the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 1,003 shares during the last quarter. Bank of Montreal Can increased its stake in shares of ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 1,316 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of ARMOUR Residential REIT by 14.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,481 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jones Trading restated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. One equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

ARMOUR Residential REIT Price Performance

ARR stock opened at $16.21 on Wednesday. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.93. The firm has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $17.61. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -46.30 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR) last released its 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. ARMOUR Residential REIT had a negative net margin of 0.27% and a positive return on equity of 16.42%. The firm had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. As a group, analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 17.77%. The ex-dividend date of this dividend is Monday, June 16th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -822.86%.

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.