Almitas Capital LLC Invests $3.24 Million in ARMOUR Residential REIT, Inc. $ARR

Almitas Capital LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 217,149 shares of the real estate investment trust’s stock, valued at approximately $3,244,000. ARMOUR Residential REIT accounts for about 0.7% of Almitas Capital LLC’s investment portfolio, making the stock its 27th largest holding. Almitas Capital LLC owned approximately 0.19% of ARMOUR Residential REIT at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its stake in ARMOUR Residential REIT by 10.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,283 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 859 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of ARMOUR Residential REIT by 3.1% during the third quarter. Kovack Advisors Inc. now owns 29,504 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 889 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of ARMOUR Residential REIT by 1.8% during the second quarter. California State Teachers Retirement System now owns 60,209 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 1,039 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of ARMOUR Residential REIT by 80.9% in the second quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 1,471 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of ARMOUR Residential REIT by 139.1% in the second quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,556 shares during the period. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Price Performance

NYSE:ARR opened at $17.08 on Friday. The business has a 50 day moving average of $18.03 and a 200 day moving average of $16.85. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 6.26 and a beta of 1.44. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $236.50 million during the quarter, compared to analysts’ expectations of $62.34 million. ARMOUR Residential REIT had a return on equity of 15.30% and a net margin of 40.31%. As a group, sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 16.9%. ARMOUR Residential REIT’s dividend payout ratio is 105.49%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 6,833 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total transaction of $123,403.98. Following the transaction, the director owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. This trade represents a 87.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings upgraded ARMOUR Residential REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Wall Street Zen downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. JonesTrading lowered their price target on shares of ARMOUR Residential REIT from $20.50 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Compass Point began coverage on shares of ARMOUR Residential REIT in a report on Monday, December 15th. They issued a “buy” rating and a $18.50 price target for the company. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.17.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.