ARMOUR Residential REIT, Inc. $ARR Shares Acquired by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP significantly increased its stake in ARMOUR Residential REIT, owning 327,460 shares after purchasing an additional 299,336 shares, representing a 1,064.3% increase.
• ARMOUR Residential REIT recently reported a quarterly earnings per share of $0.77, falling short of analysts' expectations by $0.04, with total revenue of $84.19 million.
• The company announced a dividend of $0.24 per share, to be paid on September 29, representing a remarkable dividend yield of 1,902.0%.

Dark Forest Capital Management LP increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 1,064.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,460 shares of the real estate investment trust's stock after acquiring an additional 299,336 shares during the quarter. Dark Forest Capital Management LP owned about 0.40% of ARMOUR Residential REIT worth $5,600,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ARR. Vanguard Group Inc. raised its stake in shares of ARMOUR Residential REIT by 32.0% during the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after acquiring an additional 1,937,070 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of ARMOUR Residential REIT by 486.7% during the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock worth $15,352,000 after acquiring an additional 675,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ARMOUR Residential REIT by 1,204.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 350,145 shares of the real estate investment trust's stock worth $6,604,000 after acquiring an additional 323,298 shares in the last quarter. Nuveen LLC bought a new position in shares of ARMOUR Residential REIT during the 1st quarter worth approximately $4,197,000. Finally, Wolverine Asset Management LLC bought a new position in shares of ARMOUR Residential REIT during the 1st quarter worth approximately $3,937,000. Institutional investors own 54.17% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective on shares of ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.50.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded up $0.19 during mid-day trading on Friday, reaching $15.82. 3,199,126 shares of the company traded hands, compared to its average volume of 3,411,256. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $21.08. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -65.89 and a beta of 1.39. The firm's fifty day moving average is $16.02 and its two-hundred day moving average is $16.48.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The company had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. As a group, equities research analysts predict 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 disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.24 dividend. This represents a dividend yield of 1,902.0%. The ex-dividend date of this dividend is Monday, September 15th. ARMOUR Residential REIT's dividend payout ratio is -1,200.00%.

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.