Principal Financial Group Inc. acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 311,012 shares of the real estate investment trust’s stock, valued at approximately $8,366,000. Principal Financial Group Inc. owned approximately 0.75% of ARMOUR Residential REIT as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of ARR. Teachers Advisors LLC lifted its position in shares of ARMOUR Residential REIT by 4.8% during the 1st quarter. Teachers Advisors LLC now owns 63,596 shares of the real estate investment trust’s stock valued at $1,444,000 after buying an additional 2,934 shares in the last quarter. Geode Capital Management LLC raised its stake in ARMOUR Residential REIT by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 288,389 shares of the real estate investment trust’s stock valued at $6,549,000 after purchasing an additional 22,065 shares during the period. Schwab Charles Investment Management Inc. raised its stake in ARMOUR Residential REIT by 5.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 162,817 shares of the real estate investment trust’s stock valued at $3,698,000 after purchasing an additional 8,844 shares during the period. Bank of America Corp DE raised its stake in ARMOUR Residential REIT by 165.2% during the 1st quarter. Bank of America Corp DE now owns 50,963 shares of the real estate investment trust’s stock valued at $1,157,000 after purchasing an additional 31,745 shares during the period. Finally, Bank of Montreal Can bought a new stake in ARMOUR Residential REIT during the 2nd quarter valued at approximately $1,500,000. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.
ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. The business had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. During the same quarter in the previous year, the company posted $0.68 EPS. equities analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend is Thursday, December 14th. ARMOUR Residential REIT’s payout ratio is 45.06%.
In other news, COO Mark Gruber acquired 4,000 shares of ARMOUR Residential REIT stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $25.38 per share, with a total value of $101,520.00. Following the purchase, the chief operating officer now directly owns 19,958 shares in the company, valued at approximately $506,534.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.
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ARMOUR Residential REIT Company Profile
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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