Brevan Howard Capital Management LP Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Brevan Howard Capital Management LP bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 14,869 shares of the real estate investment trust's stock, valued at approximately $280,000.

A number of other institutional investors also recently bought and sold shares of ARR. Barclays PLC raised its holdings in ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock worth $2,539,000 after purchasing an additional 93,397 shares during the period. JPMorgan Chase & Co. increased its stake in ARMOUR Residential REIT by 70.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock worth $1,448,000 after buying an additional 29,306 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ARMOUR Residential REIT by 75.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 52,478 shares of the real estate investment trust's stock worth $990,000 after buying an additional 22,500 shares in the last quarter. KBC Group NV increased its stake in ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after buying an additional 1,874 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in ARMOUR Residential REIT by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust's stock worth $393,000 after buying an additional 2,253 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARR. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, BTIG Research began coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a "neutral" rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock traded up $0.06 during trading on Friday, reaching $16.82. 2,654,780 shares of the stock traded hands, compared to its average volume of 1,906,068. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -39.10 and a beta of 1.36. The business has a fifty day simple moving average of $16.35 and a two-hundred day simple moving average of $17.98. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $21.93.

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

ARMOUR Residential REIT Dividend Announcement

The business 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 $0.24 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.88 annualized dividend and a yield of 17.13%. ARMOUR Residential REIT's dividend payout ratio 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.