Public Sector Pension Investment Board Raises Position in ARMOUR Residential REIT, Inc. $ARR

Public Sector Pension Investment Board boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 74.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,288 shares of the real estate investment trust's stock after acquiring an additional 103,366 shares during the quarter. Public Sector Pension Investment Board owned 0.30% of ARMOUR Residential REIT worth $4,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in ARMOUR Residential REIT by 40.2% in the first quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock valued at $6,484,000 after acquiring an additional 108,769 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ARMOUR Residential REIT by 25.3% during the fourth quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock valued at $1,975,000 after buying an additional 21,177 shares during the last quarter. Rhumbline Advisers grew its stake in shares of ARMOUR Residential REIT by 19.7% during the first quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock valued at $3,228,000 after buying an additional 31,133 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of ARMOUR Residential REIT during the first quarter valued at about $3,937,000. Finally, XTX Topco Ltd bought a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at about $437,000. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Down 0.3%

Shares of ARMOUR Residential REIT stock traded down $0.0450 during trading on Thursday, reaching $14.7650. 1,950,699 shares of the stock were exchanged, compared to its average volume of 3,009,560. The stock's fifty day moving average is $16.33 and its 200 day moving average is $16.82. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -61.56 and a beta of 1.38. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.08.

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 earnings per share 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 analysts' expectations of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.24 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 1,720.0%. ARMOUR Residential REIT's dividend payout ratio (DPR) is -1,200.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ARR shares. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Finally, UBS Group reaffirmed a "neutral" rating and set a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus price target of $16.00.

About ARMOUR Residential REIT

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.