Yousif Capital Management LLC Grows Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Yousif Capital Management LLC raised its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 32.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,616 shares of the real estate investment trust’s stock after acquiring an additional 6,775 shares during the quarter. Yousif Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in ARMOUR Residential REIT during the 4th quarter worth about $2,619,000. Proficio Capital Partners LLC purchased a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at about $419,000. Bank of America Corp DE increased its stake in shares of ARMOUR Residential REIT by 25.3% in the 4th quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust’s stock valued at $1,975,000 after purchasing an additional 21,177 shares in the last quarter. Intech Investment Management LLC increased its stake in ARMOUR Residential REIT by 101.7% during the 4th quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 16,068 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in ARMOUR Residential REIT by 17.6% during the 4th quarter. Principal Financial Group Inc. now owns 270,413 shares of the real estate investment trust’s stock worth $5,100,000 after buying an additional 40,538 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $16.50 on Friday. The stock has a market capitalization of $1.35 billion, a P/E ratio of -47.13 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The company has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $17.56.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $18.59 million. Research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.46%. ARMOUR Residential REIT’s dividend payout ratio is presently -822.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ARR shares. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a report on Monday, April 28th. Jones Trading reissued a “hold” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

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.