JPMorgan Chase & Co. Boosts Holdings in ARMOUR Residential REIT, Inc. $ARR

JPMorgan Chase & Co. increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 191.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,416 shares of the real estate investment trust’s stock after buying an additional 141,568 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of ARMOUR Residential REIT worth $3,218,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARR. Tudor Investment Corp ET AL acquired a new stake in ARMOUR Residential REIT during the third quarter worth $1,280,000. CIBC Bancorp USA Inc. acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at $177,000. Danske Bank A S acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at $42,000. Laurion Capital Management LP purchased a new position in shares of ARMOUR Residential REIT during the 3rd quarter worth $556,000. Finally, PharVision Advisers LLC purchased a new position in shares of ARMOUR Residential REIT during the 3rd quarter worth $164,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR opened at $17.15 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 6.28 and a beta of 1.42. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $19.31. The firm’s 50-day moving average is $17.41 and its two-hundred day moving average is $16.97.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). ARMOUR Residential REIT had a return on equity of 15.30% and a net margin of 40.31%.The business had revenue of $236.50 million for the quarter, compared to analyst estimates of $62.34 million. Analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 16.8%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 105.49%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARR. JonesTrading reduced their price objective 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. Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Compass Point started coverage on shares of ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price objective for the company. Finally, Wall Street Zen lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average target price of $18.17.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total transaction of $123,403.98. Following the completion of the transaction, the director directly owned 1,010 shares of the company’s stock, valued at $18,240.60. The trade was a 87.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

About ARMOUR Residential REIT

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.