Northern Trust Corp Has $11.64 Million Position in ARMOUR Residential REIT, Inc. $ARR

Northern Trust Corp raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 680,908 shares of the real estate investment trust’s stock after acquiring an additional 60,248 shares during the quarter. Northern Trust Corp owned approximately 0.83% of ARMOUR Residential REIT worth $11,644,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in ARMOUR Residential REIT by 28.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,210 shares of the real estate investment trust’s stock valued at $759,000 after buying an additional 9,012 shares during the last quarter. Ameriprise Financial Inc. grew its stake in ARMOUR Residential REIT by 486.7% in the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust’s stock valued at $15,352,000 after buying an additional 675,259 shares during the last quarter. BNP Paribas Financial Markets raised its stake in ARMOUR Residential REIT by 17.9% in the 4th quarter. BNP Paribas Financial Markets now owns 32,412 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 4,932 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 during the period. Finally, Brevan Howard Capital Management LP bought a new stake in ARMOUR Residential REIT in the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their target price on shares of ARMOUR Residential REIT from $16.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

ARMOUR Residential REIT Trading Up 1.6%

NYSE ARR opened at $15.64 on Friday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -65.15 and a beta of 1.39. The firm’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $16.53. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.08.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities 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 business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.24 per share. This represents a yield of 1,902.0%. The ex-dividend date is Monday, September 15th. ARMOUR Residential REIT’s dividend payout ratio is currently -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.