Nuveen LLC Acquires New Stake in ARMOUR Residential REIT, Inc. $ARR

Nuveen LLC acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 245,458 shares of the real estate investment trust’s stock, valued at approximately $4,197,000. Nuveen LLC owned about 0.30% of ARMOUR Residential REIT as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of ARMOUR Residential REIT by 40.2% during the first quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust’s stock valued at $6,484,000 after acquiring an additional 108,769 shares during the last quarter. Bank of America Corp DE lifted its position in ARMOUR Residential REIT by 25.3% during the fourth quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust’s stock worth $1,975,000 after buying an additional 21,177 shares during the period. Rhumbline Advisers lifted its position in ARMOUR Residential REIT by 19.7% during the first quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust’s stock worth $3,228,000 after buying an additional 31,133 shares during the period. Wolverine Asset Management LLC purchased a new position in ARMOUR Residential REIT during the first quarter worth about $3,937,000. Finally, Westbourne Investments Inc. purchased a new position in ARMOUR Residential REIT during the fourth quarter worth about $383,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $15.15 on Wednesday. The stock’s 50-day moving average is $16.21 and its 200-day moving average is $16.70. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -63.10 and a beta of 1.38. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.08.

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

ARMOUR Residential REIT Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a “neutral” rating and set a $16.00 target price (up from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, ARMOUR Residential REIT presently has an average rating of “Hold” and a consensus target price of $16.00.

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.