Maryland State Retirement & Pension System Boosts Stock Holdings in ARMOUR Residential REIT, Inc. $ARR

Maryland State Retirement & Pension System boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,025 shares of the real estate investment trust’s stock after buying an additional 1,732 shares during the quarter. Maryland State Retirement & Pension System’s holdings in ARMOUR Residential REIT were worth $404,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ARR. Vanguard Group Inc. boosted its stake 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 acquiring an additional 1,937,070 shares in the last quarter. Millennium Management LLC boosted its stake 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 in the last quarter. Invesco Ltd. boosted its stake 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

ARR has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. UBS Group restated a “neutral” rating and issued a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ARMOUR Residential REIT has an average rating of “Hold” and a consensus price target of $16.00.

ARMOUR Residential REIT Trading Up 0.3%

ARR stock opened at $15.69 on Tuesday. The firm has a 50 day moving average of $15.21 and a 200-day moving average of $15.85. ARMOUR Residential REIT, Inc. has a 12-month low of $13.18 and a 12-month high of $20.39. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -65.35 and a beta of 1.41.

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 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 for the quarter, compared to analyst estimates of $52.77 million. Sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend is Wednesday, October 15th. ARMOUR Residential REIT’s payout ratio is -1,200.00%.

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.