Voya Investment Management LLC Reduces Stake in ARMOUR Residential REIT, Inc. $ARR

Voya Investment Management LLC lowered its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,475 shares of the real estate investment trust’s stock after selling 886 shares during the period. Voya Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock valued at $136,513,000 after buying an additional 1,937,070 shares during the last quarter. Millennium Management LLC lifted its holdings in ARMOUR Residential REIT by 17,311.3% in the first quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock valued at $34,540,000 after acquiring an additional 2,008,287 shares during the period. Invesco Ltd. lifted its holdings in ARMOUR Residential REIT by 4.3% in the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after acquiring an additional 69,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ARMOUR Residential REIT by 165.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,829 shares of the real estate investment trust’s stock valued at $15,917,000 after acquiring an additional 580,684 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in ARMOUR Residential REIT by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock valued at $13,800,000 after acquiring an additional 222,923 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

Shares of ARR stock opened at $14.68 on Tuesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -61.16 and a beta of 1.39. The stock has a 50 day simple moving average of $15.43 and a 200-day simple moving average of $16.04. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $20.59.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). The business 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%. Analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 19.6%. The ex-dividend date of this dividend is Wednesday, October 15th. ARMOUR Residential REIT’s dividend payout ratio is presently -1,200.00%.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price target on ARMOUR Residential REIT from $16.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.50.

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.