43,360 Shares in ARMOUR Residential REIT, Inc. (ARR) Purchased by Comerica Bank

Comerica Bank purchased a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,360 shares of the real estate investment trust’s stock, valued at approximately $1,097,000. Comerica Bank owned approximately 0.10% of ARMOUR Residential REIT at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in ARMOUR Residential REIT by 5.8% during the second quarter. BlackRock Inc. now owns 3,626,651 shares of the real estate investment trust’s stock valued at $90,666,000 after purchasing an additional 198,425 shares in the last quarter. Vanguard Group Inc. boosted its position in ARMOUR Residential REIT by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,220,482 shares of the real estate investment trust’s stock valued at $80,512,000 after purchasing an additional 143,749 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its position in ARMOUR Residential REIT by 5.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 889,951 shares of the real estate investment trust’s stock valued at $23,940,000 after purchasing an additional 47,313 shares in the last quarter. Global X Management Co. LLC boosted its position in ARMOUR Residential REIT by 6.1% during the second quarter. Global X Management Co. LLC now owns 842,638 shares of the real estate investment trust’s stock valued at $21,066,000 after purchasing an additional 48,510 shares in the last quarter. Finally, State Street Corp boosted its position in ARMOUR Residential REIT by 4.5% during the second quarter. State Street Corp now owns 819,433 shares of the real estate investment trust’s stock valued at $20,483,000 after purchasing an additional 35,592 shares in the last quarter. 57.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $25.47 on Monday. The firm has a market capitalization of $1,066.39, a PE ratio of 9.16 and a beta of 0.73. ARMOUR Residential REIT, Inc. has a twelve month low of $20.29 and a twelve month high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $39.64 million during the quarter, compared to the consensus estimate of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter last year, the company earned $0.68 earnings per share. research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 8.95%. The ex-dividend date is Thursday, December 14th. ARMOUR Residential REIT’s dividend payout ratio is presently 45.06%.

A number of brokerages recently weighed in on ARR. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th.

In other ARMOUR Residential REIT news, COO Mark Gruber purchased 4,000 shares of the stock in a transaction on Monday, October 30th. The stock was acquired at an average price of $25.38 per share, with a total value of $101,520.00. Following the completion of the acquisition, the chief operating officer now owns 19,958 shares in the company, valued at $506,534.04. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.

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About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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