ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Position Raised by Amalgamated Bank

Amalgamated Bank lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 31.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,124 shares of the real estate investment trust’s stock after acquiring an additional 5,008 shares during the quarter. Amalgamated Bank’s holdings in ARMOUR Residential REIT were worth $361,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARR. Russell Investments Group Ltd. raised its holdings in ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 702 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in ARMOUR Residential REIT by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 777 shares in the last quarter. Bank of Montreal Can raised its holdings in ARMOUR Residential REIT by 12.3% during the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 1,316 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in ARMOUR Residential REIT by 14.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,481 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in ARMOUR Residential REIT by 927.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,596 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARR has been the topic of several recent research reports. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a report on Monday, April 28th. UBS Group lifted their price objective on ARMOUR Residential REIT from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Jones Trading reiterated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $16.87 on Friday. The business’s 50-day simple moving average is $16.56 and its 200-day simple moving average is $17.32. The firm has a market capitalization of $1.38 billion, a PE ratio of -48.20 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. The business had revenue of $75.29 million for the quarter, compared to analyst estimates of $18.59 million. Research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 30th. Investors of record on Tuesday, July 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 17.07%. The ex-dividend date of this dividend is Tuesday, July 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -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.