Brevan Howard Capital Management LP Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Brevan Howard Capital Management LP acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,869 shares of the real estate investment trust's stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in ARR. Russell Investments Group Ltd. grew its position in ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 702 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in ARMOUR Residential REIT by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 777 shares during the last quarter. Kovack Advisors Inc. lifted its stake in ARMOUR Residential REIT by 4.8% in the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock worth $412,000 after purchasing an additional 1,003 shares during the last quarter. Bank of Montreal Can lifted its stake in ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust's stock worth $226,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in ARMOUR Residential REIT by 14.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

NYSE:ARR traded down $0.15 during trading hours on Wednesday, reaching $16.87. The company's stock had a trading volume of 3,227,858 shares, compared to its average volume of 1,887,249. The company has a market capitalization of $1.38 billion, a P/E ratio of -39.23 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93. The stock has a 50 day moving average price of $16.43 and a two-hundred day moving average price of $18.02.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $75.29 million during the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. As a group, analysts predict 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. Shareholders of record on Thursday, May 15th will be issued a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 17.07%. The ex-dividend date of this dividend is Thursday, May 15th. ARMOUR Residential REIT's dividend payout ratio is currently -822.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARR. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a "neutral" rating for the company. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. StockNews.com downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Finally, Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ARMOUR Residential REIT presently has an average rating of "Hold" and an average price target of $20.50.

ARMOUR Residential REIT 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.