28,124 Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 28,124 shares of the real estate investment trust's stock, valued at approximately $530,000. Dark Forest Capital Management LP owned approximately 0.05% of ARMOUR Residential REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARR. Vanguard Group Inc. lifted its position in shares of ARMOUR Residential REIT by 17.4% during the fourth quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock worth $114,031,000 after purchasing an additional 895,433 shares during the last quarter. Invesco Ltd. lifted its position in ARMOUR Residential REIT by 86.3% in the 4th quarter. Invesco Ltd. now owns 1,628,903 shares of the real estate investment trust's stock valued at $30,721,000 after purchasing an additional 754,582 shares during the last quarter. Geode Capital Management LLC boosted its stake in ARMOUR Residential REIT by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust's stock valued at $24,611,000 after purchasing an additional 156,514 shares during the period. Jupiter Asset Management Ltd. bought a new position in ARMOUR Residential REIT in the 4th quarter worth about $19,865,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of ARMOUR Residential REIT by 10.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock valued at $9,425,000 after purchasing an additional 47,256 shares during the period. 54.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ARR. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. BTIG Research began coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Finally, Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of "Hold" and an average target price of $20.50.

ARMOUR Residential REIT Price Performance

Shares of ARR traded down $0.15 during midday trading on Thursday, reaching $16.32. The stock had a trading volume of 1,184,855 shares, compared to its average volume of 1,823,400. The firm's 50 day moving average price is $16.88 and its 200-day moving average price is $18.24. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93. The company has a market capitalization of $1.33 billion, a P/E ratio of -37.94 and a beta of 1.23.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued 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. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. The firm had revenue of $75.29 million for the quarter, compared to analysts' expectations of $18.59 million. On average, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 17.65%. The ex-dividend date of this dividend is Thursday, May 15th. ARMOUR Residential REIT's payout ratio is -822.86%.

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.