New York State Teachers Retirement System bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,200 shares of the real estate investment trust’s stock, valued at approximately $732,000. New York State Teachers Retirement System owned approximately 0.07% of ARMOUR Residential REIT at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in ARMOUR Residential REIT by 1.1% during the second quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 69 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in ARMOUR Residential REIT by 136.8% during the second quarter. BNP Paribas Arbitrage SA now owns 7,092 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 4,097 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in ARMOUR Residential REIT during the second quarter worth approximately $212,000. Crossmark Global Holdings Inc. bought a new stake in ARMOUR Residential REIT during the third quarter worth approximately $213,000. Finally, ETRADE Capital Management LLC raised its holdings in ARMOUR Residential REIT by 4.1% during the second quarter. ETRADE Capital Management LLC now owns 9,451 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 373 shares in the last quarter. 48.76% of the stock is currently owned by hedge funds and other institutional investors.
ARR has been the topic of several recent analyst reports. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, October 31st. Finally, BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th.
In related news, COO Mark Gruber purchased 4,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were bought 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 of the company’s stock, valued at $506,534.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $24.56 on Tuesday. The stock has a market capitalization of $1,013.64, a price-to-earnings ratio of 8.71 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 posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $39.64 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.68 earnings per share. sell-side analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, November 27th. Shareholders of record on Wednesday, November 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.28 annualized dividend and a dividend yield of 9.28%. ARMOUR Residential REIT’s dividend payout ratio is currently 45.06%.
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).
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