Arizona State Retirement System raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Rating) by 8.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,244 shares of the real estate investment trust’s stock after acquiring an additional 1,878 shares during the quarter. Arizona State Retirement System’s holdings in ARMOUR Residential REIT were worth $204,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in ARMOUR Residential REIT by 10.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 12,253 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 1,172 shares during the period. Strs Ohio raised its holdings in shares of ARMOUR Residential REIT by 9.5% in the fourth quarter. Strs Ohio now owns 20,800 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,800 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in ARMOUR Residential REIT by 6.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,867 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 1,922 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in ARMOUR Residential REIT by 9.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 35,756 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in ARMOUR Residential REIT by 5.7% during the fourth quarter. Texas Permanent School Fund now owns 64,946 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 3,475 shares during the period. 51.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on ARR. B. Riley decreased their target price on shares of ARMOUR Residential REIT from $9.50 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, July 21st. Barclays decreased their price objective on shares of ARMOUR Residential REIT from $8.00 to $6.00 in a report on Friday, May 27th. Finally, Credit Suisse Group cut their price objective on shares of ARMOUR Residential REIT to $7.00 in a research report on Friday, July 22nd.
ARMOUR Residential REIT Stock Down 1.3 %
Shares of ARR opened at $7.60 on Friday. ARMOUR Residential REIT, Inc. has a twelve month low of $5.57 and a twelve month high of $11.18. The company has a 50 day moving average of $7.10 and a 200-day moving average of $7.87. The stock has a market capitalization of $871.23 million, a P/E ratio of -6.08 and a beta of 0.98.
ARMOUR Residential REIT (NYSE:ARR – Get Rating) last posted its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. ARMOUR Residential REIT had a positive return on equity of 10.02% and a negative net margin of 89.15%. On average, sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 1.17 earnings per share for the current fiscal year.
ARMOUR Residential REIT Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 15.79%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -96.00%.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company’s 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, as well as money market instruments.
Receive News & Ratings for ARMOUR Residential REIT Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ARMOUR Residential REIT and related companies with MarketBeat.com’s FREE daily email newsletter.