Walleye Capital LLC Invests $311,000 in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Walleye Capital LLC bought a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,467 shares of the real estate investment trust's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARR. Private Trust Co. NA purchased a new position in ARMOUR Residential REIT during the 4th quarter valued at about $28,000. Sterling Capital Management LLC grew its position in shares of ARMOUR Residential REIT by 927.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,596 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 702 shares during the period. McIlrath & Eck LLC bought a new position in shares of ARMOUR Residential REIT during the third quarter valued at approximately $61,000. Finally, KBC Group NV lifted its stake in ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 1,874 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ARR. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday. StockNews.com downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Finally, JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Price Performance

NYSE:ARR traded down $0.17 during mid-day trading on Wednesday, hitting $16.48. 2,482,972 shares of the company's stock were exchanged, compared to its average volume of 1,825,790. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The business has a fifty day moving average price of $16.88 and a 200 day moving average price of $18.24. The company has a market cap of $1.35 billion, a PE ratio of -38.33 and a beta of 1.23.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. The company had revenue of $75.29 million for the quarter, compared to the consensus estimate of $18.59 million. On average, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 17.48%. The ex-dividend date of this dividend is Thursday, May 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -822.86%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.