Tudor Investment Corp ET AL Acquires Shares of 85,689 ARMOUR Residential REIT, Inc. $ARR

Tudor Investment Corp ET AL bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 85,689 shares of the real estate investment trust’s stock, valued at approximately $1,280,000. Tudor Investment Corp ET AL owned approximately 0.08% of ARMOUR Residential REIT as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of ARMOUR Residential REIT by 50.3% in the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after acquiring an additional 40,860 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ARMOUR Residential REIT by 26.1% during the first quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 2,980 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ARMOUR Residential REIT by 38.2% during 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 purchasing an additional 222,923 shares during the last quarter. Intech Investment Management LLC boosted its position in ARMOUR Residential REIT by 189.5% during the first quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock valued at $1,577,000 after purchasing an additional 60,371 shares during the last quarter. Finally, Strs Ohio purchased a new position in ARMOUR Residential REIT in the first quarter valued at about $181,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $15.75 on Monday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $19.31. The stock’s 50-day moving average is $17.59 and its two-hundred day moving average is $16.92. The firm has a market cap of $1.93 billion, a P/E ratio of 5.77 and a beta of 1.43.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly 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 company had revenue of $236.50 million for the quarter, compared to the consensus estimate of $62.34 million. ARMOUR Residential REIT had a return on equity of 15.30% and a net margin of 40.31%. On average, equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 18.3%. ARMOUR Residential REIT’s dividend payout ratio is presently 105.49%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JonesTrading dropped their target price on ARMOUR Residential REIT from $20.50 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. Wall Street Zen downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. 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 on the stock. Finally, Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.17.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the stock in a transaction that occurred 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 transaction, the director owned 1,010 shares in the company, valued at $18,240.60. This trade represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

ARMOUR Residential REIT Company 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.