Vanguard Group Inc. Has $136.51 Million Holdings in ARMOUR Residential REIT, Inc. $ARR

Vanguard Group Inc. boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 32.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,983,227 shares of the real estate investment trust’s stock after buying an additional 1,937,070 shares during the quarter. Vanguard Group Inc. owned approximately 9.77% of ARMOUR Residential REIT worth $136,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARR. Sterling Capital Management LLC grew its stake in ARMOUR Residential REIT by 927.9% in the 4th 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 during the last quarter. Russell Investments Group Ltd. grew its stake in ARMOUR Residential REIT by 35.2% in the 4th 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 during the last quarter. Summit Investment Advisors Inc. grew its stake in ARMOUR Residential REIT by 15.3% in the 4th 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 during the last quarter. Ameriflex Group Inc. acquired a new position in ARMOUR Residential REIT in the 4th quarter valued at $143,000. Finally, US Bancorp DE grew its stake in ARMOUR Residential REIT by 56.2% in the 1st quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 3,194 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARR shares. UBS Group reiterated a “neutral” rating and issued a $16.00 target price (up from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. 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. Finally, Jones Trading reissued a “hold” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.00.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock opened at $14.7450 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $21.08. The firm has a fifty day moving average price of $16.29 and a two-hundred day moving average price of $16.79. The company has a market cap of $1.35 billion, a PE ratio of -61.43 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The company had revenue of $84.19 million during the quarter, compared to the consensus estimate of $52.77 million. Analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.24 per share. This represents a dividend yield of 1,720.0%. The ex-dividend date of this dividend is Friday, August 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -1,200.00%.

ARMOUR Residential REIT 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.