Voloridge Investment Management LLC grew its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 214.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,406 shares of the real estate investment trust’s stock after purchasing an additional 80,802 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.20% of ARMOUR Residential REIT worth $1,983,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of ARMOUR Residential REIT during the second quarter worth approximately $36,000. Advisory Services Network LLC acquired a new stake in ARMOUR Residential REIT during the 2nd quarter worth $48,000. Tower Research Capital LLC TRC bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter valued at $62,000. Bank of Montreal Can bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter valued at $114,000. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of ARMOUR Residential REIT by 13.7% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 11,624 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,401 shares during the last quarter. 62.74% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on the company. ValuEngine upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, LADENBURG THALM/SH SH raised ARMOUR Residential REIT from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.75.
ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. ARMOUR Residential REIT had a negative net margin of 173.23% and a positive return on equity of 10.63%. The firm had revenue of ($50.63) million during the quarter. On average, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.26 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.74%. ARMOUR Residential REIT’s dividend payout ratio is 81.60%.
ARMOUR Residential REIT Profile
ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.
Further Reading: Leveraged Buyout (LBO) Explained
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