Cwm LLC Increases Stock Holdings in ARMOUR Residential REIT, Inc. $ARR

Cwm LLC lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 126.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,429 shares of the real estate investment trust’s stock after purchasing an additional 3,587 shares during the quarter. Cwm LLC’s holdings in ARMOUR Residential REIT were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Maryland State Retirement & Pension System boosted its holdings in shares of ARMOUR Residential REIT by 7.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 24,025 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 1,732 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of ARMOUR Residential REIT by 83.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,520 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 7,500 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of ARMOUR Residential REIT in the 2nd quarter worth approximately $66,000. State of Alaska Department of Revenue boosted its holdings in shares of ARMOUR Residential REIT by 15.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 48,698 shares of the real estate investment trust’s stock worth $818,000 after purchasing an additional 6,358 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ARR shares. UBS Group restated a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.

ARMOUR Residential REIT Trading Up 1.7%

Shares of ARR stock opened at $16.23 on Friday. ARMOUR Residential REIT, Inc. has a twelve month low of $13.18 and a twelve month high of $19.66. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 405.63 and a beta of 1.41. The stock has a fifty day simple moving average of $15.38 and a two-hundred day simple moving average of $15.91.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.The firm had revenue of $92.10 million during the quarter, compared to analysts’ expectations of $63.25 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. Research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a $0.24 dividend. This represents a c) annualized dividend and a dividend yield of 17.8%. The ex-dividend date of this dividend is Monday, November 17th. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

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.