ARMOUR Residential REIT, Inc. $ARR Shares Sold by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC significantly reduced its stake in ARMOUR Residential REIT by 57.4%, owning 14,265 shares valued at $239,000 after selling 19,255 shares in Q2.
• The company announced a monthly dividend of $0.24, yielding 18.6%, with the payout planned for October 30th.
• ARMOUR Residential REIT's current stock rating is a consensus "Hold", with a recent price target adjustment from UBS reducing it to $15.50.

Global Assets Advisory LLC lowered its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 57.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,265 shares of the real estate investment trust's stock after selling 19,255 shares during the quarter. Global Assets Advisory LLC's holdings in ARMOUR Residential REIT were worth $239,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $66,000. State of Alaska Department of Revenue boosted its holdings in shares of ARMOUR Residential REIT by 15.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 48,698 shares of the real estate investment trust's stock valued at $818,000 after purchasing an additional 6,358 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of ARMOUR Residential REIT by 184.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,425 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of ARMOUR Residential REIT by 12.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,412 shares of the real estate investment trust's stock valued at $310,000 after buying an additional 2,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth $350,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of ARMOUR Residential REIT in a report on Saturday, September 27th. UBS Group cut their price objective on ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.50.

ARMOUR Residential REIT Stock Down 0.1%

Shares of NYSE:ARR opened at $15.47 on Tuesday. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $20.39. The company has a 50 day moving average of $15.29 and a two-hundred day moving average of $15.92. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -64.46 and a beta of 1.41.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). The firm had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 18.6%. The ex-dividend date of this dividend is Wednesday, October 15th. ARMOUR Residential REIT's dividend payout ratio is presently -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.

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