ARMOUR Residential REIT, Inc. $ARR Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 74.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.30% of ARMOUR Residential REIT worth $4,143,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in ARMOUR Residential REIT by 32.0% in 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 purchasing an additional 1,937,070 shares during the period. Invesco Ltd. boosted its stake in ARMOUR Residential REIT by 4.3% in the 1st quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust's stock worth $29,045,000 after purchasing an additional 69,618 shares during the period. Ameriprise Financial Inc. boosted its stake in ARMOUR Residential REIT by 486.7% in the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock worth $15,352,000 after purchasing an additional 675,259 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in ARMOUR Residential REIT by 24.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust's stock worth $10,628,000 after purchasing an additional 121,806 shares during the period. Finally, Northern Trust Corp boosted its stake in ARMOUR Residential REIT by 19.1% in the 4th quarter. Northern Trust Corp now owns 620,660 shares of the real estate investment trust's stock worth $11,706,000 after purchasing an additional 99,669 shares during the period. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Stock Up 2.3%

ARR traded up $0.3350 during trading on Friday, reaching $15.0750. The company had a trading volume of 1,470,337 shares, compared to its average volume of 3,005,980. The stock has a market cap of $1.38 billion, a P/E ratio of -62.86 and a beta of 1.38. The business has a 50 day simple moving average of $16.29 and a 200-day simple moving average of $16.79. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released 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 business had revenue of $84.19 million during 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%. As a group, equities research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 1,720.0%. ARMOUR Residential REIT's payout ratio is presently -1,200.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Finally, UBS Group reiterated a "neutral" rating and set a $16.00 target price (up from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.00.

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.